Introduction: In the words of Gloss & Baker, “A sole proprietorship is a business owned by one person and operated for his profit.” Whereas B.O. Wheeler defines sole proprietorship as “the forms of business ownership which is owned and controlled by a single individual.” Thus, a sole proprietorship or individual Read more…
Introduction: The concept of One-Person Company was first recommended by the specialized Committee of Dr. Jamshed J. Irani. It consisted of 13 members and 6 invitees from various fields having specialized knowledge. It classified companies based on the number of members into One-Person Company, Private Company, and Public Company. Considering Read more…
Introduction[1]: The term “Company” has not been defined in a legal sense, but in general, Section 2(20) of the Companies Act, 2013 defines the company as a body incorporated under this Act or any other previous law.[2] To get a better understanding Prof. Haney defines the company as, “an artificial Read more…
Introduction: Corporate law is that segment of law that regulates the formation and workings of corporations, in specific it deals with the rules and proceedings for corporations. Major areas of corporate law include the formation of a corporation, ownership, and management of corporations. A corporate lawyer is a lawyer who Read more…
Introduction: The company, an organization is a workplace where various people, connects, and have a common purpose to achieve. The organization is predicated on systems of law governing contract and exchange, property rights, and incorporation. Theory of corporate personality comes under corporate law. Let us learns about corporate law first. What Read more…