by Team Law Gist | Jan 10, 2025 | Corporate law
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...
by Team Law Gist | Jan 3, 2025 | Corporate law
WHAT IS 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...
by Team Law Gist | Jan 2, 2025 | Corporate law
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...
by Team Law Gist | Dec 31, 2024 | Corporate law
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...
