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 ..
Contents Key Takeaways Introduction Doctrine of Election When does Election arise Modes of Election Mohd. Kader Ali fakir V Lukman hakimKey takeaways Doctrine of Election is about choosing or electing between two alternative or inconsistent rights. I ..
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 ..
It is most heartening to learn that none other than the Punjab and Haryana High Court itself in a most commendable, courageous, composed, cogent and convincing judgment titled X v. State of Haryana and Another in CRM-A-1736-2019 and cited in 2022 Liv ..
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 ..
While underscoring that as per the mandate of the Holy Quran, bigmay is not sanctified unless a man can do justice to orphans, the Allahabad High Court has in an extremely laudable, learned, landmark and latest judgment titled Azizurrahman v. Hamidun ..
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 ..
Contents Introduction Specific Relief Act, 1963 Section 26 of the Specific Relief Act, 1963 Effect of rectification of the instrument Case lawsKey Takeaways Any changes or correction made to an instrument is rectification. Section 26 of the Specific ..
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