Corporate law unit 1 notes

  • What are shares under Companies Act 2013 notes?

    Section 2(84) of the Companies Act, 2013 (hereinafter referred to as Act) “share” means a share in the share capital of a company and includes stock.
    It represents the interest of a shareholder in the company, measured for the purposes of liability and dividend.
    It attaches various rights and liabilities..

  • What is a short note on corporate personality?

    Corporate personality is the fact stated by the law that a company is recognized as a legal entity distinct from its members.
    A company with such personality is an independent legal existence separate from its shareholders, directors, officers and creators.
    This is famously known as the veil of incorporation..

  • Formation of a company is a complex activity involving completion of legal formalities and procedures.
    To fully understand the process one can divide the formalities into three distinct stages, which are: (i) Promotion; (ii) Incorporation and (iii) Subscription of capital.
  • Section 2(84) of the Companies Act, 2013 (hereinafter referred to as Act) “share” means a share in the share capital of a company and includes stock.
    It represents the interest of a shareholder in the company, measured for the purposes of liability and dividend.
    It attaches various rights and liabilities.

What is a company law?

Corporate law often describes the law relating to matters which derive directly from the life-cycle of a corporation.
It thus encompasses the formation, funding, governance, and death of a corporation. ( Wikipedia) Some of the company law questions and answers are mentioned below.
You can download the QnA in company law pdf form.

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What is the general rule in company law?

IX.
MAJORITY RULE AND MINORITY PROTECTION The general rule in company law is that the wishes of the majority will prevail.
Foss v Harbottle (Case 89) When a wrong is done to a company, it is for the company to decide what action to take.
The courts will not usually hear an action brought by a member or members of the company.

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What is Unit 1 topic BCom Hons IInd SEM du?

Information about Unit 1 Topic:

  • Corporate Laws
  • B.Com Hons., IInd Sem, DU covers topics like and Unit 1 Topic:Corporate Laws, B.Com Hons., IInd Sem, DU Example, for B Com 2023 Exam.
    Find important definitions, questions, notes, meanings, examples, exercises and tests below for Unit 1 Topic:Corporate Laws, B.Com Hons., IInd Sem, DU.
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    What were the major amendments made in the Companies Act 2002?

    To overhaul the Company Law in a comprehensive way, the Companies Act (Amendment) Bill 2009 was introduced in the parliament in August 2009.
    Some of the major amendments made in the Companies Act in the year 2002 are given below:

  • .
    The Company Law Board (CLB) has been abolished.

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