Memorandum of Association Under Company Law, a company is an artificial legal person created by law. It cannot come into existence or function without foundational […]
Tag: CompaniesAct2013
5. Define Company? Explain in detail the types of companies.
Define Company In the modern business environment, large-scale economic activities cannot be carried on efficiently by individuals alone. To overcome limitations such as lack of […]
4. What is Winding Up? Explain the Winding up of a company by the court on the grounds “Just and Equitable”.
Explain the Winding Up of a Company A company is a separate legal entity created by law, enjoying rights and obligations distinct from its members. […]
16. A husband and wife, who were the only two members of a private limited company, were shot dead by dacoits. Does the company also die with them?
Facts of the Case In this case, a private limited company was owned entirely by a husband and wife, who were the sole shareholders and […]
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, […]
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 […]
4. An offer by ‘A’ Co. Ltd. to purchase the whole of the issued share capital of B Co. Ltd. has been accepted by the holders of 9/10th of the shares, What further steps can be taken by ‘A’ Co. Ltd. to acquire the holdings of the dissenting shareholders.
Facts of the Case A Co. Ltd. made an offer to acquire the entire issued share capital of B Co. Ltd. The offer was communicated […]
2. ‘A’ Pvt. Co has only ‘2’ shareholders who are also the Directors with equal rights of management and voting power. The company has made huge profits but there is a complete dead lock in the Mgt. of the company. One of the shareholders applied for the winding up of the company? Decide.
Facts of the Case ‘A’ Private Limited Company has only two shareholders, who are also the only directors of the company. Both shareholders hold equal […]