Company law notes

A company is a corporation - an artificial person created by law. A human being is a natural person. A company thus has legal rights and obligations in the same way that a natural person does.

In other words, a company is an incorporated association, which is an artificial person created by law , having a separate. On the basis of liability. Company Law - Introduction.

When setting up a business, one of the most important considerations is what form that business should take. A sole trader is someone who is in business on his own as a self-employed person. They are based on the relevant chapters in Sealy and Worthington, Arora, Courtney, Dignam and Lowry and Slorach and Ellis as well as other sources.

These notes are an aid to your studies and should be used alongside the text books in your library notes your own notes. LLB Law Notes, Books, Solutions, eBooks for 1st,. Being a mere creature of the law, it possesses only those properties which the character of its creation confers upon it either expressly or as incidental to its very existence. These are companies which are formed and registered under that Act.

Business Law Environment lecture notes PDF eBook. There are companies incorporated otherwise than under the companies Act. The incorporation of a company refers to the legal process that is used to form a corporate entity or a company. An incorporated company is a separate legal entity on its own, recognized by the law. These corporations can be identified with terms like ‘Inc’ or ‘Limited’ in their names.

Gratuity Act , Bonus Act , Provident Fund Act etc. The assembly of persons must be for discussion and transaction of some lawful business. Usually, the statutory meeting is the first general meeting of the company.

BUSINESS LAW LECTURE NOTES. CAPublic Finance and Taxation PDF notes – Click to view PART II. Paper No: Click here to Purchase CPA Section notes. If the company goes into liquidation, the court of law appoints a liquidator for the liquidation. The primary objective of the liquidator is to raise as much funds as needed to pay the creditors.

The company will then be dissolved and its name will be struck off from the list of companies in the registrar’s office. The law lecture notes below were written by our expert writers, as a learning aid to help you with your studies. If you are looking for help with your law lecture notes then we offer a comprehensive writing service provided by fully qualified academics in your field of study.

To act in accordance with the Articles of the company providing that articles are subject to the provisions of this Act. To act in Good faith in order to promote the objects of the company. However the promotion of the objects should be for the benefit of the company.

To perform duties with Due and reasonable care and Diligence. COMPANY LAW : Though an erstwhile shareholder of a company in. It is conducted only once in the lifetime of the company. Law Library: Notes and Study Material for LLB, LLM, Judiciary and Entrance Exams The study of law is very demanding.

It requires one to read a lot from books and bare acts to case commentaries and be abreast of trending cases of legal relevance. Com stands for Bachelor of Commerce. It is years under graduation course that provides you wide career opportunities in Accounts, Commerce, management fields. Applied company law notes.

This video is relevant for last time. A company may be defined as “an incorporated association which is an artificial person, having a separate legal entity, with a perpetual succession, a common seal, a common capital compromised of transferable shares and limited liability. Memorandum of association is considered to be the constitution of the company.

It sets out the internal and external scope and area of company’s operation along with its objectives, powers, scope. The decision to send an employee on unpaid leave has to be captured in writing and the employee notified of the same after consultation or consent has been sought appropriately. Skills Course for Law Students. Research Literacy for Law. Social Dimensions of Justice.

General Principles of Civil Procedure. Criminal Law : Specific Crimes Constitutional Law.