Académique Documents
Professionnel Documents
Culture Documents
A company is considered as a
separate legal entity from its
members, which can conduct
business with all powers to contract.
Independent corporate entity
(Saloman V. Saloman) It is
independent of its members and
shareholders & Other indian Cases
Kondoli Tea Company Limited
Perpetual Succession ,Common seal
and Limited Liability.
DEBENTURE
Rebuttable presumption
UPSI
Insider
Connected person
Difference between
Partnership and Company
a) Injunction
b) Directors’ personal liability.
c) If a property has been purchased
and it is an ultra vires act, the
company can have a right over that
property.
d) The doctrine to be used exclusively
for the companies’ interest.
e) But the others cannot use this
doctrine as a tool to attack the
company
Articles of Association
It is the companies bye- laws or rules
to govern the management of the
company for its internal affairs and
the conduct of its business.
AOA defines the powers of its
officers and also establishes a
contract between the company and
the members and between the
members inter se
It can be originally framed and
altered by the company under
previous or existing provisions of
law.
Doctrine of Constructive notice
and Indoor Management