Bonus Shares – Meaning and Legal Basis Bonus shares refer to shares issued by a company to its existing shareholders free of cost, in proportion […]
Tag: law student notes
40. Indoor management
Meaning and Legal Basis The Doctrine of Indoor Management is an important principle of Company Law that protects outsiders dealing with a company in good […]
33. Corporation
Corporation – Meaning and Legal Nature A corporation is an artificial legal person created by law, having a separate existence distinct from its members. Under […]
30. Managing Director
Managing Director – Meaning and Legal Position A Managing Director is a key executive entrusted with substantial powers of management in a company. Under Section […]
29. Advantages of Incorporation
Meaning and Legal Foundation Incorporation is the legal process by which a business organization is registered under the Companies Act, 2013, thereby acquiring a distinct […]
P, a passenger, waiting in the lounge of an airways terminal occupied by the airways board found a gold bracket which he handed over to an employee of the airways and gave his name and address. Since nobody claimed the bracket, the airways kept it in their possession. Cal P claims the possession of the same? Give reasons
Facts of the Case P, a passenger, was waiting in the lounge of an airways terminal occupied and managed by the airways board. During his […]
Legal sources.
Concept and Meaning of Legal Sources Legal sources explain the origin and authority of law within a legal system. They identify where legal rules come […]
Absolute duties.
Meaning and Concept of Absolute Duties Absolute duties refer to legal obligations owed to society as a whole, rather than to a specific individual. These […]
A, accused of murder, alleges that, by reason of unsoundness of mind, he did not know the nature of the act. Decide
Facts of the Case ‘A’ is accused of murder. During the trial, he alleges that at the time of committing the act, he was of […]