Concept of Private Company
This is a part of lecture presented by Mr. P.C Jangir, Vice Principal of Biyani Girls College. Private company is a company defined under companies act 1956 (3(iii)) as follows 1. …
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This is a part of lecture presented by Mr. P.C Jangir, Vice Principal of Biyani Girls College. Private company is a company defined under companies act 1956 (3(iii)) as follows 1. …
This is a part of lecture presented by Mr. P.C Jangir, Vice Principal of Biyani Girls College. Private company is a company defined under companies act 1956 (3(iii)) as follows
1. It has minimum two members and maximum 50
2. It restricts to transfer of shares to public.
3. It prohibits to public deposits and issue of prospects.
A private company must require at least one lakhs capital shares .at the end the name of The Company the word private limited is to be appended.
This is a part of lecture presented by Mr. P.C Jangir, Vice Principal of Biyani Girls College. The term contract is defined under section 2(h) in agreement’ enforced by law is …
This is a part of lecture presented by Mr. P.C Jangir, Vice Principal of Biyani Girls College. The term contract is defined under section 2(h) in agreement’ enforced by law is a contract. There must be at least two or more parties. Essential Elements of a Contract are follows:
1. There must be an agreement
2. Intension to create legal relation
3. Free consent of [parties
4. Law full object of the parties
5. Lawful consideration
