Skip to main content

Companies Act 2013 | Introduction to Company Law | CS Executive.


About the CS Executive Company Law:

The Companies Act is mammoth legislation. The Companies Act, 1956 was one of the lengthiest Act with 658 Sections which was repealed by The Companies Act 2013 containing 470 Sections. The new Act was a need of the hour as the 50 years old law required a new structure with added perspectives. It Act is nothing but all about companies since its incorporation till its winding up. In spite of several sections to understand this statue, we just need to understand a few basic principles.

 Structure:

In legal sense, Company is a business association. A group of persons associate themselves to conduct a business under a common name. They invest their amounts into business under a common named entity, by way of subscription of shares. They appoint personnel to look after and direct the business, known well as Directors. When the business makes a profit, it is distributed to the holders of the share. In case of losses, the holders of share are held responsible only for their limited liability.

 Unlike other modes of business structure like sole proprietorship firm or partnership firm, a Company is also a form of organization. To be more appropriate, the form that contains the optimal advantage. Lets’ look into few basic concepts but not limited which helps us to understand better along with the comparative study as to why we refer it as optimal form.

Browse Related Topic Introduction of Company Act 2013




  1. Legal Personality: The status of legal personality is the special feature in the company form of organization. Here comes the question, is mere existence means the legal personality? No.

The key element of determining it is to examine the legal status before law. The key words are “to Act in its own name” and “capable to sue and being sued in its own name”.


Keep Reading Underlying Concept of Company Law and Doctrine of Alter Ego .(Introduction to Company Law | CS Executive)

Takshila Learning  provide Online Classes for CS Executive, for CS professional and for CS Executive Entrance Test (CSEET EXAM) so that you can prepare on your own, through CS Executive Online Classes or CS Executive Pendrive Classes which you can access at your own space and according to your timings while working or doing Job as well. 

For more details about #CSExecutive #CSExecutiveCompanyLaw #CSExecutivecourse

Call for online Company law Video Lectures at -8800999280/83/84




Labels:

Comments

Post a Comment

Thank you we will contact ASAP.

Popular posts from this blog

Magnetic and non-magnetic material Class 6 Science

Magnetic and non-magnetic material  Class 6 Science A magnet is a substance that is drawn to certain magnetic materials like iron, cobalt, and nickel. Magnets have the ability to draw iron to them. Natural magnets are rocks that naturally draw iron. Non-magnetic materials include things like wood, rubber, coins, feathers, leather, etc. that are not drawn to iron. Magnet characteristics It pulls magnetic materials, such as iron. The magnet's two ends are referred to as its poles. The magnet's diametrically opposed poles are drawn together. Heating, hammering, or dropping causes it to lose its characteristics. On the basis of properties types of Magnets Temporary magnets are those magnets that are magnetic for only a little duration. Typically, iron, cobalt, or nickel are used to make them. When they are close to the powerful magnet, they act like a magnet. When they are yanked away from the powerful magnet, they stop being magnetic. Permanent magnets are magnets that have magne...
Post a Comment
Read more

What are Noble Gases? Example and noble gases name

What are Noble Gases? Example and noble gases name Noble Gases Noble gases, sometimes known as inert gases or erosions, are part of the modern periodic table's 18th group. This group is made up of the following individuals: Helium is a kind of gas (He) Neon (Ne) Argon is a gas (Ar) Krypton  (Kr) Xenon is a kind of xenon gas (Xe) Radon is a gas that can cause cancer (Rn) Noble gases exist in a gaseous state under typical temperature and pressure conditions. Because all noble gases have stable electronic structures, they have very little chemical reactivity. They are monoatomic gases that do not readily form molecules. 'ns2np6' represents the basic electrical configuration of noble gases. As a result, noble gases' outermost valence shells can be deemed 'complete.' The chemical inertness of the group of 18 elements is due to this. Because of the stability of certain elements, these gases form a group. These stable elements' crusts are totally filled. Regardles...
Post a Comment
Read more

CS Executive

At  Takshila Learning  we provide you Video Lecture of best faculties in India. We assure you not only the best quality of videos but also best content. Our teachers way of teaching, presentation and explanation is very simple and unique. Why Takshila Learning? We can give you 10 top reasons why you should take CS Executive Online Video Coaching Classes Lectures from Takshila Learnings. We are providing online classes of CS Executive for last 5 years (almost  oldest in the market ) We pick  best teachers  for every subjects. We don’t provide updates only with old videos. Infact we provide  new updated classes  for every attempt Our teachers update notes for every attempt. Videos and notes are  highly exams oriented . Our teachers  cover last 5 attempts question papers  along with ICSI Course content. Our video classes  includes live practical examples  to help you understand easily. Our structure of our  fee ...
Post a Comment
Read more