Meaning of Notice of Dishonour
There is the liability of several persons behind a negotiable instrument and they are variously concerned with it.If the instrument is dishonoured, all of them are affected. In order to affect them and make...
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Meaning of ‘Dishonour’
When some negotiable instrument is presented for acceptance or payment and it is neither accepted or paid, it is known as the “dishonour’ of the negotiable instrument. A bill or exchange is dishonoured by...
Meaning of a Holder (Company)
As per Sec. 8 of the Indian Negotiable Instruments Act, by the term ‘holder’ is meant such a person who is authorised and rightful to hold any promissory note, bill of exchange or cheque...
The rights and obligations of the members of a company
Rights of members of the company Rights of members of the company can be commented in the following three classes- (1) Legal rights – Such type of rights are covered by this class which...
Member in a company
Most of the students of Company Law are having this feeling that the words member and shareholder are synonyms to each other. Generally both these words are used for each other but from the...
Statement in lieu of Prospectus
As it is obvious by its name article is not a prospectus but it is prospectus prepared in lieu of prospectus. Some times the conveners of a public company pool the capital of the...
Prospectus Of company Law
According to Section 2(36) of the Indian Companies Act, 1956. Prospectus means document described or issued as prospectus and includes any notice, circular, advertisement or other document inviting deposit from the public or inviting...
Difference between Memorandum of Association And Articles of association
Having outer outlook these both types of rules look.similar to each other because both are related to the details of company’s functions and design of the rights of the concerned parties, even then to...
Alteration of Articles of Association companies
Alteration in the articles means adding a fresh rule or substitute or cancellation of a existing rule. According to Section 31(1) of the Indian Companies Act, company can alter its Articles at any time...
Article of association company
According to Section 2(2) of the Companies Act, Article means such rules which are made at the preliminary stage or establishment of the company or which are amended from time to time according to...