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Key takeaways A company can be held criminally responsible and found guilty for the illegal actions of any of its agents as long as those individuals acted within the bounds of their actual or perceived authority. Doctrine of corporate criminal liabi ..
Key takeaways The object clause, is a part of company’s MOA, it describes the company's projected goals, for which the company was founded and the direction in which it will work. A relevant doctrine to the object clause, the Doctrine of ul ..
Key takeaways One person or a small group of persons suing on behalf of a larger group of people who have all experienced the same injury is known as a class action lawsuit. The main goal behind the availability of class action lawsuits is the protec ..
Key takeaways A prospectus is a document that invites the potential investors to subscribe for a company's shares and debt obligations. According to the Companies Act, certain individuals are liable and subject to punishment for any inaccuracies ..
Key takeaways Diversification is a key factor in why businesses choose to merge and acquire other businesses. The necessity for an M&A strategy arises when a firm seeks to diversify its business interests. The 2013 Companies Act's Chapter XV, ..
Key takeaways The Latin phrase "beyond the powers of" is the root of the English word "Ultra Vires." Therefore, it indicates beyond the company's control when used in a corporate context. Ultra vires is when a company, or its ..
Key takeaways Corporate governance is the association of well defined laws, procedures, and rules that govern business operations. The idea of corporate governance was established with the primary goal of providing shareholders with considerable info ..
Key Takeaways The Foreign Exchange Management Act, or FEMA, is a piece of legislation that regulates the movement of money into and out of India The Reserve Bank of India performs a number of functions, including monitoring various policies that are ..
Key takeaways Government Company refers to any company in which the Central Government, any State Government, any combination of the Central Government and one or more State Governments, or a Company that is a Subsidiary Company of such a Government ..
Key takeaways According to the provisions of the Companies Act of 2013, it was established on June 1st, 2016, (Section 408). The NCLT is a quasi-judicial organisation created to settle all business-related disputes, with the exception of criminal pro ..
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