Limited Liability – Meaning and Legal Foundation Limited liability is one of the most important principles of company law, ensuring that the liability of members […]
Tag: Company Law Notes
51. Independent directors
Independent Directors – Meaning and Concept Independent Directors play a crucial role in ensuring transparency, accountability, and good corporate governance in companies. Under Section 149(6) […]
52. Preference share capital
Meaning and Legal Framework Preference share capital refers to that part of a company’s share capital which carries preferential rights as compared to equity shares, […]
53. Bonus shares
Bonus Shares – Meaning and Legal Basis Bonus shares refer to shares issued by a company to its existing shareholders free of cost, in proportion […]
50. Government Companies
Meaning and Legal Definition A Government Company is a special category of company in which the Central Government, State Government(s), or a combination of both […]
49. Promoters
Promoters – Meaning and Legal Concept A promoter is a person who undertakes to form a company and takes necessary steps to bring it into […]
47. Winding up of the company
Meaning and Concept Winding up of a company is the legal process through which the life of a company is brought to an end. It […]
46. Public company
Public Company – Meaning and Legal Basis A Public Company is a form of company that invites the general public to subscribe to its shares […]
41. Capital shares
Capital Shares – Meaning and Concept Capital shares, commonly known as equity shares, represent the ownership interest of shareholders in a company. Under Section 2(50) […]
42. Mismanagement
Meaning and Concept Mismanagement in company law refers to the improper, negligent, or dishonest conduct of a company’s affairs by those in control, resulting in […]