A company is a distinct legal person—comment.
Ques. A company is a distinct legal person—comment.
Ans. A Company is a distinct legal person.—"Pergons" in ordinary parlance are the male and female human...
What do you mean by a promoter?
What do you mean by a promoter? What is his legal position in the Company ? Explain his rights, duties and liabilities also.
Ans. Promoter?-According...
Discuss the powers of directors?
Discuss the powers of directors. Are there any restriction on their powers?
Ans. Power of directors—The power of directors are general') contained in the articles...
What is meant by winding-up of a company and what are its various mode?
What is meant by winding-up of a company and what are its various mode?
Ans. Winding-Up.- Winding-up is a proceeding by means of which tho...
What do you understand by the members of a company?
What do you understand by the members of a company? Are they the same persons as the shareholders? How is the membership of a...
What do you Mean by the Director
(i) What do you mean by the director? What is his importance In the.company?
(ii) What is the minimum and maximum number of directors in...
Discuss the procedure for the incorporation of a Public and Private Company
Examine the steps to be taken to form a Public Ltd. Company in inception. Or Discuss the procedure for the incorporation...
State briefly the facts and the legal principles laid down in leading case –...
State briefly the facts and the legal principles laid down in leading case--Saloman v. Salomon and Co. Ltd., (1987) A.C. 22.
Ans. Facts.—Salomon had a...
What is the liability of directors for admission or untrue statements in the prospectus...
What is the liability of directors for admission or untrue statements in the prospectus of the company?
Ans. Liabilities or Consequences for admission or Fraudulent...
What an untrue statement is included the doctrine of “Indoor Management”?
What an untrue statement is included the doctrine of "Indoor Management"? Explain the exceptions to this doctrine, also.
Ans. Doctrine of Indoor Management— The doctrine...