Meaning and Legal Basis Reserve Capital refers to that portion of a company’s uncalled share capital which is reserved to be called up only in […]
Category: OU LLB 3rd Sem – Company Law [short Answers]
36. Doctrine of Constructive Notice
Doctrine of Constructive Notice Meaning and Legal Basis The Doctrine of Constructive Notice is an important principle of Company Law which assumes that every person […]
35. Unlimited Companies
Meaning and Legal Basis An Unlimited Company is a type of company where the liability of members is unlimited, meaning there is no statutory limit […]
34. Certificate of Commencement of Business
Meaning and Legal Basis The Certificate of Commencement of Business is a statutory declaration that enables a company to legally begin its business operations. Under […]
33. Corporation
Corporation – Meaning and Legal Nature A corporation is an artificial legal person created by law, having a separate existence distinct from its members. Under […]
32. Annual General Meeting
Annual General Meeting (AGM) – Meaning and Importance An Annual General Meeting (AGM) is a mandatory yearly meeting of shareholders of a company to review […]
31. Company Secretary
Company Secretary – Meaning and Legal Position A Company Secretary (CS) is a key managerial personnel responsible for ensuring that a company complies with legal, […]
27. Winding Up
Meaning and Concept of Winding Up Winding up is the legal process by which the life of a company comes to an end and its […]
30. Managing Director
Managing Director – Meaning and Legal Position A Managing Director is a key executive entrusted with substantial powers of management in a company. Under Section […]
29. Advantages of Incorporation
Meaning and Legal Foundation Incorporation is the legal process by which a business organization is registered under the Companies Act, 2013, thereby acquiring a distinct […]