Legal effects of Memorandum and Articles when registered The effect of the Memorandum of Association and the Articles of Association when registered is that they bind each member
What is Caveat Emptor? The maxim Caveat Emptor means let the buyer beware. In other words, the buyer must take care of his own interest while purchasing the
Types of Debentures There are several types of the debentures on the basis of the terms and conditions of the issue of the debentures. Let us now proceed
Understanding Fixed and Floating charges on Property The company, when borrows money like any other person can give security to its creditors. When a security is given, a
Rights of Surety against Creditor Surety has the following rights against his creditor. 1. Rights in Case of Fidelity Guarantee In case of fidelity guarantee i.e., guarantee as
The duties of the directors can be broadly classified as- Statutory duties, and Non-statutory duties. Statutory Duties of a Director A number of statutory duties are expected to
Lifting or Piercing the Corporate Veil The company, in the contemplation of law, is a person distinct from the shareholders. In other words, the company alone is liable
Important differences between Interim dividend and Final dividend An interim dividend differs from a final dividend in the following respects: 1. The Board of Directors declares an interim
Members of a Company In the ordinary commercial usage, the term ‘Member‘ denotes a person who holds shares in a company. The members or the shareholders are the