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 […]
Tag: CorporateLaw
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 […]
14. A company was authorised by its Articles to purchase its own shares. W sold his shares to the company and before the price was paid, the company went into liquidation. Is W entitled to prove in the liquidation for the price of the shares.
Facts of the Case A company, authorised under its Articles of Association to purchase its own shares, agreed to buy shares from a shareholder, W. […]