Powers of a Liquidator
An administrator, usually denoted as a liquidator, is appointed in the context of liquefaction or winding up of a company. The liquidator takes control over the company, assembles its assets,…
Counter-current multi-stage absorption (Tray absorber)
In tray absorption tower, multi-stage contact between gas and liquid takes place. In each tray, the liquid is brought into intimate contact of gas and equilibrium is reached thus making…
Business Law – Winding Up of a Company
Winding up of a company is defined as the condition when the life of the company is brought to an end. The properties of the company are administered for the…
Removal of Directors
The removal of a director before the expiry of his term in the office can be done by passing an ordinary resolution in the general meeting of a company after…
Design of packed tower based on overall mass transfer coefficient
Operating line AB is drawn in xy plane. Any point (x,y) is taken in operating line. A vertical line is drawn upto equilibrium line to get y*. Design based on…
Qualifications of Directors
The Companies Act does not provide any qualifications for the directors. However, specific qualifications can be stipulated in the articles of association of a company for the appointment of various…
Appointment of Directors
The appointment and recruitment of directors is a crucial procedural requirement of a company. In accordance with the Companies Act, 1956, only an individual can be appointed as a director…
Liabilities under the Companies Act
The following duties and liabilities have been imposed on the directors of companies under the Companies Act − Prospectus Any misstatement in the prospectus of a company or failure to…
Liabilities of Directors
The liability of directors to the company arises under few circumstances. Breach of Fiduciary Duty A director will be liable for the breach of fiduciary duty when he acts dishonestly…
Design of packed tower
The cross sectional view of the packed tower is shown in Figure 4.5. Design of packed tower may be (I) on the basis of individual mass transfer coefficients or (II)…
