Government Company – Meaning and Concept A Government Company is a special category of company defined under Section 2(45) of the Companies Act, 2013. According […]
Category: OU LLB 3rd Sem – Company Law
10. Mr ‘P’ who was a minor, registered his name as a share holder. After attaining majority, he received dividend from the company. Subsequently the company went into liquidation. ‘P’ denies his liability? Decide.
Facts of the Case Mr. ‘P’, while he was still a minor, applied for and got his name registered as a shareholder in a company. […]
9. ‘X’ was a transferee of a share certificate issued under the seal of the defendant company. The certificate was issued by the company’s secretary, who affixed the seal of the company and forged the signatures of the three directors. Advise ‘X’ on legal action.
Facts of the Case ‘X’ purchased shares of a company in good faith and became a transferee of a share certificate issued under the official […]
8. ‘X’, who is a member of Vivek Ltd., a Public Company has very recently become an insolvent. Can the insolvent ‘X’ continue as a member of the company?
Facts of the Case ‘X’ is a shareholder and registered member of Vivek Ltd., a Public Limited Company incorporated under the Companies Act, 2013. Recently, […]
7. Ramu, who is a member of Alex Ltd., is of unsound mind. Can the shareholder of unsound mind exercise his voting rights of his membership in the said company? Give your advice.
Facts of the Case Ramu is a registered shareholder and member of Alex Ltd., a company incorporated under the Companies Act, 2013. Due to mental […]
9. Define Company.
Definition and Legal Meaning of Company A Company is a legal entity formed and registered under law, having a separate legal existence distinct from its […]
6. Articles of Association of a Company reserve the powers for calling the AGM. The MD of the company, without reference to the Board, call an AGM. Is the Annual General Meeting valid?
Facts of the Case A company’s Articles of Association (AOA) expressly provide that the power to convene the Annual General Meeting (AGM) lies with the […]
8. Official Liquidator
Official Liquidator – Meaning and Legal Basis An Official Liquidator is a statutory authority appointed to administer the winding up of a company when it […]
7. Corporate Veil
Meaning and Concept of Corporate Veil The concept of the Corporate Veil refers to the legal separation between a company and its members. Once a […]
6. Objects Clause
Meaning and Legal Basis The Objects Clause is one of the most important clauses of the Memorandum of Association (MOA) of a company. It defines […]