This article majorly delves into the discussion of the meaning of Articles of Association. It also emphasizes the importance of AoA and the points to be taken into account while drafting the document. It also begins with discussing the other documents like Memorandum of Association and the basic difference between both of them. It also delves into the amendments in the document and the procedure to be followed for the same.
This article gives the reader all the knowledge about the legal aspect of shareholders in a private limited company. It talks about the right of minority shareholders along with the duties of shareholders in a private limited company. Then it briefly discusses the shareholder's agreement which is required to understand and determine the relationship between a company and its shareholders.
This article focuses on the biggest stock scam that has taken place in the corporate world i.e. the WorldCom scam. The author majorly talked about the fraud and specific acts done by people to perpetrate the fraud and aims to highlight need of stringent laws and guidelines to prevent such scams in future.
This article discusses the major scandal that took place in the company Tyco, conducted recklessly by the top officials of the company and lasted in leaving the company in a devastated and drowning position. The article initially describes the incorporation of the company and about the structure of the company. The article further focusses on the issues dealt during the transacting of the business and the ethical issues faced by the company. It continues to elaborate on the issues relating to the modus operandi in pursuance of which the fraud in the company has been undertaken. The article is concluded with the steps that could have been taken to avoid the whole scandal and the steps to prevent such happening in future.
As the title suggests this article is majorly focused on the procedure of conversion of a private limited company to a public limited company. The article begins with the meaning and a general view of the company and its categories. The article initially delves into the description of a private limited company and then it iterates the details of a private limited company. It also talks about the basic differences between the categories of companies
This article focuses on the working and functioning of a Statutory company. The Article also distinguishes between a Government company and a statutory company, which prima facie may look similar. The article goes on to elaborate features, merits and demerits of such companies.
This article focuses on the importance of incorporation of a company. The article aims to ponder upon all the important aspects of the incorporation of a company and the effects of it. It also talks about the certificate of incorporation and the importance of it. It also enlists the number of documents required by the company to file with the Registrar of Companies (hereinafter referred as ‘ROC’) for incorporation.
Corporate frauds are illegal and generally are the ones which are tainted by the breach of trust of persons holding fiduciary relationship with the company. Satyam Scam is one such corporate fraud. This article very clearly expains the whole scam viz. the reason of the scam, how the scam happened. The author utlimately concludes the article by providing the steps taken by various authorities to prevent such scams from happening in the future.
This article focuses on IL&FS, the details about the bankruptcy that has is declared by IL&FS, the impact on the IL&FS, and its shareholders and on the economy at large, the future of IL&FS and the future recourse that is predicted to be taken by the government with the intention to sustain IL&FS in the existing situations. The article also addresses the issue of fraudulent acts undertaken by the top executives of IL&FS.
This article focuses on the Freddie Mac scam that took place in the year 2003. The article articulates the general description about Freddie Mac and further goes on to discuss the nuances of the fraud that took place in the company and shook its investors overnight.
After defining company, the article discusses the history of the conept of lifting of corporate veil by analysing the famous case of Salomon. Later on the concept was also applied by the Indian judiciary and the relevant judgments passed by courts in India are also discussed. The doctrine of piercing of corporate veil is not subjected to any strict rule; it is generally dependent on the facts and circumstances of each matter. However, the courts have laid down certain grounds on which corporate veil can be lifted such as fraud, enemy character etc.
The directors of a company are said to be heart and soul of a company and all the acts of the appointed directors are responsible for the position of the company in the market. This article provides a primer on roles and resoposibilites of directors under the Companies Act, 2013. It also briefly provides the penalities which would be imposed on the directors in case of non-compliance of their obligations.
This article majorly focuses on the scandal committed by Bernie Madoff which was unveiled in 2008 and did not fail to shake the country. The repercussions of the scandal were also catastrophic to the economy. The Article lays special emphasis on the Ponzi scheme and modus operandi of the scandal and also on the repercussions faced by the company and economy thereafter. It also discusses court proceedings and punishment awarded by the Courts regarding the commission of the scandal and to the people involved.
This article critically discusses the features and working of private companies in the country. It also distinguishes public companies and private companies. The article also focusses on the benefits and limitations of a private company along with the procedure of registration of a private limited company which is in compliance with Act. The article also discusses a variety of advantages and disadvantages of incorporating a private limited company.