Meaning and Legal Foundation The doctrine of separate legal personality means that once a company is incorporated, it becomes a legal entity distinct from its […]
Category: OU LLB 3rd Sem – Company Law [short Answers]
26. Class meeting
Class Meeting – Meaning and Concept A Class Meeting is a meeting held by a particular class of shareholders, such as equity shareholders or preference […]
25. Oppression
Meaning and Concept of Oppression Oppression in company law refers to a situation where the affairs of a company are conducted in a manner that […]
24. Dividends
Dividends – Meaning and Concept Dividends refer to the portion of a company’s profits distributed to its shareholders as a return on their investment. Under […]
23. Prospectus
Prospectus – Meaning and Legal Framework A Prospectus is a formal legal document issued by a company to invite the public to subscribe to its […]
22. First Directors of the Company
Meaning and Legal Basis The First Directors of a Company are the individuals who manage the affairs of the company immediately after its incorporation. Their […]
21. Multinational Company
Multinational Company – Meaning and Concept A Multinational Company (MNC) refers to a company that operates its business activities in more than one country while […]
18. Pre-Incorporation Contracts
Meaning and Legal Position Pre-incorporation contracts are agreements entered into by promoters on behalf of a company before the company is legally incorporated. At this […]
17. Private Company
Meaning and Legal Definition A Private Company is a form of business organization recognized under Section 2(68) of the Companies Act, 2013. According to this […]
19.Proxy.
Meaning and Legal Basis A Proxy is a person appointed by a member of a company to attend and vote at a meeting on their […]