Introduction: “Operative clauses are the heart of Resolutions” Operative clauses are quite an enigma to a lot of people due to its selected use in a daily legal framework, but they are significantly found in the resolutions thereto. What is an Operative Clause? Objective clauses are sought to be Read more…
Introduction: The term ‘Company’ fundamentally means a class of people associated together for a common purpose such as business, sports, research, activity and more. Section 2(20) of Companies Act (the ‘Act) 2013 defines a company as “ ‘Company’ means a company incorporated under this Act or under any previous company Read more…
High Court Of Judicature At Madras (Decided on 3rd July 1874) This case[1] seems to be the exception of the principle of strict liability[2]. When we think of strict liability the first thing comes in our mind is Rylands v. Fletcher,[3] [4] in which it was held that even if the Read more…
Introduction: If we talk about the definition of the company in a broad sense then it is a group of persons who have come together or who have invested money for some common purpose and have incorporated themselves into a distinct legal entity. Company is the combination of two distinct Read more…
Introduction: The term “asset” is not defined under the Companies Act, 2013. It is, however, defined in the Black’s Law Dictionary as: The word, though more generally used to denote everything which comes to the representatives of a deceased person, yet is by no means confined to that use, but Read more…
Introduction When starting a new business one should know the main difference between the two. Both of them have distinct features and which makes it suitable for different businesses based on the kind of investment and the risk involved. Which one is better is left to the discretion of the Read more…
INTRODUCTION One of the initial phases in the arrangement of an organization is to set up a record called the Memorandum of Association. The MoA of the organization contains the major conditions whereupon alone the organization incorporate the organization’s MoA attempts to keep their outer undertakings in charge while the Read more…
Introduction The doctrine of indoor management aims and operated to protect outsiders from a company. It entitles the outsiders to assume that all acts and internal procedures comply with the documents in possession of the Registrar of Companies. The outsider who is entering into a contract with the company needs Read more…