An exclusive economic zone is basically an area of coastal water and seabed within a certain distance of a country’s coastal line, to which a country claims exclusive rights for fishing, drilling and other economic activities. The concept of exclusive economic is one of the most important pillars of 1982 conventions on the law…
The first step in the formation of a company is to prepare a document called the memorandum of association. This document contains the constitution of the company. It has to be divided into five clauses. It has to be in any of the forms specified in tables A to E in schedule 1. Name Clause:…
A public company, but not a private company, is entitled, by issuing a prospectus, to invite applications for its shares or debentures. Prospectus is defined by section 2(70) as “Prospectus means any document described or issued as a prospectus and includes a red herring prospectus referred to in section 32 or shelf prospectus…
Introduction LLP i.e., Limited Liability Partnership can be defined as a corporate business vehicle which helps the companies’ members to get the benefit of limited liability on the company and allows the members to manage their internal management on the basis of a mutually arrived conclusion as in the case of a partnership firm. It…
Introduction The application for the initiation of the corporate insolvency resolution process by the operational creditor is addressed in Section 9 of the I&B code 2016. This section addresses the provision concerning the filing of an application by the operational creditor against the corporate debtor demanding payment of the operational debt in respect of which…
In Company Law, we come across different issues that a company or shareholders face. Therefore, to know how the courts deal with such issues and what is law and logic behind such rulings, it is important to know some landmark judgments. Salomon v Salomon & Co. Ltd; 1896 Aaron Salomon incorporated his business into a…
According to the Companies Act, 2013 there are two ways in which a company can be wound up. First, by way of voluntary winding up and second through the tribunal. In the whole process of winding up of the company, the sections of the Companies Act, 2013 are to be read with the National Company…
An Annual General Meeting (AGM) is an yearly meeting under the Companies Act, 2013 for an interaction between management and the shareholders of the company. Section 96 of the Act makes it compulsory for a company to hold an AGM to discuss various matters such as yearly results, appointment of auditor etc. A company must…
The formation and incorporation of a company is similar to the birth of a human as it go through various stages gradually. The procedure for incorporation of a company is divided into 4 stages. Promotion of a Company Incorporation of a Company Subscription of a Company Commencement of the Business Promotion of the Company- The…
Human resources concept is a recent origin , it begins around the end of 19th century in Europe. Earlier this this concept was known as manpower planning and it was used in ancient era and gradually the concept get developed as according to the social development form personal management to human resource management . Organization…
