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Key takeaways According to the 2013 Companies Act, there is a specific process for incorporating a company. Before starting the company, a certificate of commencement of business is necessary. The incorporation of a public company offers additional r ..
Key takeaways The Memorandum of Association is the legal document that outlines the purpose, power, and scope of the company. The document establishes restrictions on how the company may operate. AoA is a required document that outlines a company' ..
Key takeaways The Turquand rule clarifies the underlying fundamental principle that, when an outsider enters into a contract with a company in good faith, the outsider can presume that no such irregularities exist and that, as a result, all procedura ..
Key takeaways Incorporation of the company does not always and in every situation eliminate personal liability. The members of the corporation have minimal accountability, but they may be held accountable in exceptional situations if the cour ..
Key takeaways Registering a company extremely important, as the Companies Act grants a legal personality to registered companies. There are two documents that are crucial at the moment of formation. These are the Articles of Association (AoA) and the ..
Key takeaways The concept of one person company gives an individual more flexibility to manage his business while also enjoying the advantages of a company. In order to give small firms functioning as private limited companies certain advantages, the ..
Key takeaways Insider trading is an unfair practise that needs to be avoided and controlled at all costs. According to analysis of landmark judgements on insider trading, a more robust mechanism for investigation and prosecution is still required. Th ..
The ability and moral character of a company's directors have a significant role in the company's success. Therefore, it is essential that the administration of businesses be in competent hands. As a result, the Companies Act of 2013 has tigh ..
As a legal entity, the company has no physical features. It needs natural persons to conduct its business, directors of a company are such people, they are the next most crucial individuals for a prospective corporation, after promoters and subscribe ..
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