Lifting Of Corporate Vail-2
This is a part of lecture presented by Mr. P.C Jangir, Vice Principal of Biyani Girls College. Generally it is assumed that company and members are separate, it is based on …
Faculty: Law Post Graduate Diploma In Labour Law(PGDLL)Model Papers Sr. No. Paper Name Question Paper Link 1 Labour Jurisprudence and the International Labour Organization(I.L.O.) Click Here 2 Labour Law Labour Welfare, …
Faculty: Law LLB II Year(III Sem.)Model Papers Sr. No. Paper Name Question Paper Link 1 Bhartiya Nagrik Suraksha Sanhita Click Here
Faculty: Law B.A. LL.B VII Semester Model Papers Sr. No. Paper Name Question Paper Link 1 Property Law Click Here
This is a part of lecture presented by Mr. P.C Jangir, Vice Principal of Biyani Girls College. Generally it is assumed that company and members are separate, it is based on …
This is a part of lecture presented by Mr. P.C Jangir, Vice Principal of Biyani Girls College. Generally it is assumed that company and members are separate, it is based on the principle /Doctrine of separate legal existence .It means the property of the company is not the property of members .It is related to company only. If there is any loss to the company me3mbers are not liable to the company, because company and members are separate. If there is a fraud, misappropriation of funds, scandal, scan or any type of un law full activity performed by any member of directors of the company then they will be held liable for these un law full acts . The concept of separate legal existence or lim9ited liability will not apply .The corporate Vail will be lifted and any member who is found guilty will be punished and held responsible. Member’s liability will be unlimited.
This is a part of lecture presented by Mr. P.C Jangir, Vice Principal of Biyani Girls College. The word company is composed of Latin words two words — com +pain. Com …
This is a part of lecture presented by Mr. P.C Jangir, Vice Principal of Biyani Girls College. The word company is composed of Latin words two words — com +pain. Com means bread, pain means sharing. This means sharing bread together.
In the earlier time business men used to sit together and eat feast together and talk about business. Slowly and gradually company became a voluntary association of two or more persons working under a common object. After some time incorporation or registration became mandatory. Hence a Company is a voluntary association of two or more persons working for common purpose. It is invisible intangible artificial, created by law, having separate legal existence.
Its capital is divided into shares, which are transferable having common seal.
