BusinessHow is the office of directors vacated? The directors regulate the corporate affairs of a public limited company. They are responsible for formulating plans, policies, and strategies. The office of a director…
BusinessGolden Rule of Framing a Prospectus Golden Rule of Framing a Prospectus The ‘Golden Rule’ for framing of a prospectus was laid down by Justice Kindersley in New Brunswick & Canada…
BusinessDoctrine of Ultra Vires The doctrine of Ultra Vires The Doctrine of Ultra Vires is a fundamental rule of Company Law. The expression “ultra vires” consists of two words:…
BusinessOfficial Liquidator Official Liquidator A liquidator’s main function is to gather a company’s property and apply the assets in paying the company’s creditors and allocate any excess…
BusinessWinding up of a Company Winding up of a Company The winding up or liquidation of a Company means the termination of the legal existence of a Company by stopping…
BusinessDifference between Annual General Meeting and Extraordinary General Meeting Difference between Annual General Meeting and Extraordinary General Meeting An annual general meeting (AGM) is a formal meeting that is held by companies once every…
BusinessDifferences between Share Warrant and Share Certificate Differences between Share Warrant and Share Certificate A share warrant is a negotiable instrument but a share certificate is not. Both share certificate and share…
BusinessMinutes of Proceeding Minutes of Proceeding is an official record of the proceedings of a meeting, conference, convention, etc. By the term, minutes is meant a written record…
BusinessExtraordinary General Meeting Extraordinary General Meeting An extraordinary general meeting or the EGM is a type of company meeting that is convened by the Directors of a company…
BusinessStatutory Meeting Statutory Meeting Every public company limited by shares and every company by guarantee and having a share capital, must within a period of not less…