Forfeiture of Shares Forfeiture of Shares means the termination of membership of a shareholder and taking away his shares by way of a penalty for not ...

The term statistics has been defined in singular sense as well as plural sense. Statistics in Singular Sense:  In singular sense, the term ...

An index number can be called as a device which measures the relative change in the level of a phenomenon with respect to time, geographical location or some ...

Illegal Association:  An illegal Association is governed by Section 464 of the Companies Act. Section 464 of the Act provides that no company, ...

Lifting of Corporate Veil, The term Corporate Veil means that in the eyes of law, company is a separate legal entity distinct from its members. Veil means a ...

Private Company As per Section 2 (68), of the Companies Act, 2013, a private company means a company which has minimum paid-up capital of rupees ...

A company is a legal person and is different from its members. The property of the company belongs to the company alone and the members can not claim ...

Advantages and disadvantages of incorporation are as follows:  Advantages of Incorporation: Independent Legal Entity : A company is an artificial legal ...

Concept of Separate Legal Entity. Lifting of Corporate Veil The term ‘Corporate Veil’ means that in the eyes of law, company is a separate legal entity ...

New clause (16C) of section 2 inserted by the Amendment Act defines ‘Securities Appellate Tribunal’ as under: (16C). Securities Appellate Tribunal means the ...