Business Law 2 min read
Circumstances in which a Company May Be Wound Up
A company may be wound up by a tribunal where the petition has been filed under the following circumstances −…
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Basics 3 min read
Safety responsibility
Everyone within your organisation should have clear responsibilities and understand them. Your organisation should identify who is accountable for the…
Business Law 2 min read
Consequences of Winding Up
The most important consequences of the winding up of a company are as follows − As Regards the Company Itself…
Business Law 2 min read
Compulsory Winding Up
Compulsory winding up takes place when a creditor of an insolvent company asks the court for a wind up. If…
Basics 1 min read
SAFETY FUNCTIONS
In the/ statement about safety organization various function have been mentioned. Yet, a clear description is lacking. Without much elaboration…
Business Law 2 min read
Powers of a Liquidator
An administrator, usually denoted as a liquidator, is appointed in the context of liquefaction or winding up of a company.…
Business Law 4 min read
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…
Basics 3 min read
SAFETY ORGANIZATION
Every industry must have a safety organisation with well defined objective and well identified functions. It has been experienced that…
Business Law 3 min read
Removal of Directors
The removal of a director before the expiry of his term in the office can be done by passing an…
Business Law 3 min read
Qualifications of Directors
The Companies Act does not provide any qualifications for the directors. However, specific qualifications can be stipulated in the articles…