COMPANY LAW - Short Notes
introduction
In the commercial world today, company law is more relevant than any other law. This is an easily understandable topic for law students.
It opens up new perspectives and horizons for him; This enables him to appreciate the fundamentals of the subject from a legal and juridical point of view;
This places him in a critical position, when the opportunity presents itself for companies to offer their services, to be equipped with materials and resources that may be absent in others, without 'law qualification'. enter. The proliferation of companies (private and public) in the last four decades has led to the demand for skilled and qualified legal advisors to guide the executives running the companies. The omission or contravention of the provisions of the Companies Act attracts not only fines but also criminal prosecution.
According to our Constitution, the Parliament alone has the legislative "capacity" to make laws in the Companies Act and its affairs. Public companies are tied up with a number of grand formalities for non-compliance with attendant punitive consequences. The reason for this appears to be the 'public money' involved. Private companies are largely spared as there is no public funding involved; Otherwise the central government. Who else should bow down to this invisible hand to protect and secure public investment?
Major cases like Foss Vs. Horbottle, Cook Vs. Deek, Arlanger Vs. New Sombrero Phosphate Co. Ltd. Shantiprasad Jain Vs. Kalinga Tubes Ltd., R.V. Kylesant, Ashbury Railway Carriage Co. Vs. Rich, in addition to the frequently cited Solomon Vs. Solomon & Company, and Denny V. Peak, decided by the courts, has shown how difficult and complex the problems are.
The subject is evolving very rapidly to the extent of escaping the grasp of experts; Dozens are being amended and our Supreme Court has to add several judgments. However, the basic principles have remained the same. It is on the specialization of these principles that a sincere effort must first be made by the students. Keep company with company law, it will give you money and status:
Chapter 1: Introduction Definition of a Company
Chapter 2: Kinds Of Companies
Chapter 3: Incorporation and Constitutional Documents of a Company
Chapter 4: Share Capital
Chapter 5: Directors
Chapter 6: Management of a Company
Chapter 7: Compromise, Arrangement and Reconstruction
Chapter 8: Dividends, Accounts and Audit
Chapter 9: Rights of Minority Shareholders
Chapter 10: Winding Up
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