The Indian Succession Act of 1925 is a landmark piece of legislation that has remarkably shaped inheritance law in India. Enacted on 30 th September, 1925, it rules the succession of property for individuals who are not governed by personal laws like Hindu, Muslim, or...
Law
THE TYPES OF COMPANIES UNDER COMPANY LAW 2013
As per Companies Act, 2013 companies in India are classified into different types based on structure, ownership and liability: Private Company: A company which restricts transfer of shares, It can be incorporated with minimum 2 members and maximum 200. Liability is...
Decentralized Shares and Companies Act’2013
In today’s corporate structure, the concept of ownership through holding decentralized shares is gaining attention because the functionality and the decision making processes inherent in companies are being made more democratic. The Companies Act, 2013 does not...
COMPANIES ACT’S DEFINITION OF ULTRA VIRES
The latin term of the word ultra vires defines as beyond power. Any action which is performed beyond the power is said to be ultra vires act .When a business acts or engages into agreements that are outside of its legal authority as specified by the Companies Act, the...
DOCTRINES OF CONSTRUCTIVE NOTICE
This Doctrine saves the company from the outsiders.The Doctrine of Constructive Notice in company law holds that anyone dealing with a company is presumed to have knowledge of its Memorandum of Association and Articles of Association. Once these documents are...
DOCTRINES OF INDOOR MANAGEMENT
THE DOCTRINE OF INDOOR MANAGEMENT The Indoor Management Doctrine, also referred to as the Turquand Rule, originated from the British case Royal British Bank v. Turquand, which laid its foundation over a century ago. This doctrine protects third parties dealing in...