Joint Venture V/S Partnership Joint ventures and Partnerships are typical legal arrangements used by business owners to pool their resources, abilities, and skills with those of another person or company. To make it easy, let’s say Joint Venture is when two or more persons do business together. Here comes the question that isn’t this the…
Corporate Insolvency can be defined as the company’s inability to pay debts to the suppliers and creditors. There are different forms of creditors for a company such as commercial banks, financial institutions, NBFCs. Beside that supplier of raw materials and finished goods can also be considered as creditors to the firm. The definition of insolvency…
We have studied that according to contract law the agreements and contracts play a vital role while enforcing a business conducting business. For all sizes of business required agreements there was a time when contracts didn’t play a vital role in enforcement of business. however in today’s world contracts that are valid have to be…
The Insolvency and Bankruptcy Code, 2016 (IBC) is an amalgamation of the existing legislations related to bankruptcy and insolvency. It has simplified the resolution of insolvencies and aims at making business more convenient. It also aims at protecting the interests of small-scale business owners. The IBC was introduced with the aim of helping tackle loan…
What is “Articles of Association” Abstract “Articles of Association” is the next important document to the Memorandum of Association. In other words, “Articles of Association” means “the rules, regulations, and bye-laws for the general administration of the company.” In the other words, “Articles of Association” contains rules, regulations, and bye-laws for the internal administration of…
Winding Up of the Company under the Companies Act, 2013 Abstract “Winding up” means liquidation of the company which represents the last stage in the life of a company. Winding up means proceeding by which a company is dissolved. In other words, winding up is the second method of putting an end to the life…
The Companies Act, 1956 is an act enacted by the Parliament of India in the year 1956. It received the assent of the Parliament on 18th of January, 1956, and the act commenced on 1st of April, 1956. The Companies Act is an act to consolidate and amend the laws relating to companies and certain…
Position of Directors of the company Abstract A company has a separate legal existence. In other words, a company is a separate legal person, but the company has no soul, no body, no flesh. It cannot act in its own person. It can act only through human agency. The persons through which the company generally…
Power and Duties of the Directors under the Companies Act,2013 Abstract Section 2(34) of the Companies Act,2013 defines “Director” as- “Director” means a director appointed to the Board of a company”. In order to ascertain whether a person is a director or not, a reference must be made to the nature of the office and…
JOINT VENTURE The growth of India’s economy is alluring business organizations from across the world. In layman’s term a Joint Venture could be characterized as a method wherein at least two parties meet up for the sole point of working out a specific project. It is for the most part decided on when a foreign…
