www.lawtool.netDec 4, 2020CHAPTER 2 KINDS OF COMPANIESKinds of Companies : 1. Unlimited Companies 2. Guarantee Companies 3. Limited Companies 4. Private Companies 1. Unlimited Companies, the...
www.lawtool.netNov 24, 2020CHAPTER 1 COMPANY-DEFINITION REGISTRATION & ADVANTAGES(i) Definition :Company The Companies Act 1956, defines 'company' as a Company formed and registered under the Companies act. A company...
www.lawtool.netNov 24, 2020Q9- What is a Memorandum of Association ? What are its contents ?Memorandum of Association is the most important document of a company. It states the objects for which the company is formed. It contains...
www.lawtool.netNov 24, 2020Q10- Define ‘Prospectus’. When is a company not required to issue a prospectus ?“A prospectus means any document describe or issue as a prospectus and includes any notice, circular, advertisement or other documents...
www.lawtool.netNov 24, 2020Q11- What do you mean by One person Company as per new Companies Act, 2013 ?Definition of One Person Company (“OPC”) Section 2(62) of the Companies Act, 2013 (“Act”) defines OPC as a company which has only one...
www.lawtool.netNov 24, 2020Q8-What is ‘lifting the corporate veil’ ? When is it pierced ?Piercing the corporate veil or lifting the corporate veil is a legal decision to treat the rights or duties of a corporation as the...