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…
In today world, the third form of economy that is now at an accelerated pace is a “multinational corporation.” It is a multinational entity in at least one country other than its home country that owns or regulates the production of products or services. Potentially, they are the most important and perhaps the most divisive…
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…
Psychology is the scientific study of behaviour, experience and mental processes. Behaviour includes all of our outward or overt actions and reactions, such as talking, facial expressions and movement. Mental processes refer to all the internal, covert actions of our minds, such as thinking, feeling and remembering. To study behaviour and mental processes in both…
