Skip to main content

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


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 The Companies Act, 1956 was one of the lengthiest Act with 658 Sections which was repealed by The Companies Act 2013 containing 470 Sections.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 PersonalityThe 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




Comments

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...

Best Sample papers for Bank PO Exam Download

Sample papers for Bank PO Exam | Question Paper for Bank PO : Institute of banking Personnel Selection (IBPS) Department issued a Notification of IBPS PO 2017  exam announced in October month. IBPS Probationary Officer (PO) Online Application Form process will be begin from July 2017. This is a hard exam for all students so aware of its value. Large number of  candidates will participate in this exam. So all candidates should prepare well for it. Check out IBPS, Bank PO Sample papers, Question Paper Pattern, SBI  PO Syllabus ,   IBPS Syllabus  and other IBPS PO Preparation 2017 This paper is identical to any Bank PO Question Paper Pattern. Check whole IBPS Bank “PO question paper” subject wise. IBPS (PO) Paper Pattern Analysis with Syllabus and main topics of IBPS Exam 2017. PO Question Paper Pattern, Bank PO sample Papers for IBPS Bank Exam IBPS PO Exam will be conducted at three levels 1st- PO Preliminary Exam 2nd- PO Mains Exam 3rd- PO Common ...

Online/Offline CBSE Coaching Classes for class 9

CBSE Coaching Class 9 :-   In a move to make the digital India and Skill India dream into a reality, we are providing the best courses to our students in e-learning mode. Our program consists of entire 9th class syllabus in a fun learning method with various ways like sounds and animations. Our content is in 2-D & 3-D animation for better understanding of students. So That students will be understand every thing clearly and it makes the learning easy and entertaining. We are offering the following subjects for class 9th Standard:   Maths Class Physics Class Chemistry Class Biology Class Our E-learning provides the best and trained teachers with highly qualified for the respective subjects, they help to improve the students’ performance and to teach the every concept clear and easy in better way. Our main motive is to help students to learn well and gain more marks with making  their basic concept strong and good knowledge base ...