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: Corporate Law Concepts
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 […]
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 […]
28. Separate legal personality of a company
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 […]
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 […]
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 […]