Business Law 3 min read
Business Law – Articles of Association
Articles of Association is a document, which is mandatory for every company to prepare. It contains the following details −…
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Contents of the Memorandum of Association
The contents of the Memorandum of Association are detailed out below. Purpose of Memorandum ● Shareholders must know the field of…
Business Law 3 min read
Clauses of Memorandums
The memorandum of association contains the following clauses − The Name Clause ● A company (being a separate legal entity) must…
Business Law 1 min read
Meaning of Memorandum of Association
The Memorandum of Association is considered as the constitution of a company. It provides the foundation to the structure or…
Business Law 1 min read
Memorandum of Association Concepts
The memorandum of association of a company is a document that governs the relationship of a company with the outside…
Business Law 2 min read
Private Company and Public Company
● The director of a private company may not be specifically qualified. A private company may have only one director who…
Business Law 1 min read
Formation of a Company
The following things are required for the formation of a company. ● Promoters are required. ● Objectives of the promoters must be…
Business Law 1 min read
Liabilities & Rights of Promoters
A promoter of a company cannot be considered as an agent of the company as the company is not in…
Business Law 2 min read
A Sole Proprietorship
A sole proprietorship can be considered as a single person business. It Small scale enterprises are generally owned and operated…
Business Law 2 min read
Trusts
A trust appears to be a complicated concept, not easily understood as a close corporation or a company. A trust…
Business Law 1 min read
Partnership
A partnership is considered to be a formal relationship between a minimum of two and a maximum of twenty members…
Business Law 1 min read
Close Corporation
A close corporation can be considered analogous to a ‘younger brother’ of the company. It is way simpler and quicker…