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) […]
Tag: legal compliance
26. What are the disadvantages of incorporation of a company with reference to the lifting the corporate veil?
Disadvantages of Incorporation of a Company Incorporation of a company is one of the most significant concepts under Company Law. Once incorporated, a company acquires […]
24. What is a Memorandum of Association? What are, the articles related to Association?
Articles Related to Association In the world of corporate law, the formation of a company is governed by meticulous legal frameworks that ensure transparency, accountability, […]
18. Discuss the provisions of the Companies Act, 1956 relating to buy-back of shares by a company.
Provisions of the Companies Act The buy-back of shares by a company is a significant corporate financial mechanism that allows a company to repurchase its […]
11. An advocate should keep accounts of the client’s money.” Explain the rules relating to accountancy of lawyers.
In the legal profession, trust and transparency are paramount. One critical area where these values must be upheld is in the handling of a client’s […]
8. Explain the need for accountancy for lawyers.
Introduction In the modern legal landscape, interdisciplinary knowledge is not just a bonus — it’s a necessity. Among the many disciplines that intersect with law, […]
4. Discuss the nature and functions of accounting.
Introduction Accounting is the systematic process of identifying, recording, classifying, summarizing, interpreting, and communicating financial information. Often referred to as the language of business, accounting […]
21. State “p” got a criminal named ‘X’ extradited from state ‘R’ on the ground of murder. However ‘X’ gets tried for theft instead of murder by State ‘P’. Is the act of state ‘P’ valid under international law ?
Facts of the Case State P formally requested the extradition of an individual named X from State R. The request was based on the charge […]