Economist Michael Hudson has published a new, third edition of his book Super Imperialism that updates his analysis for the 21st century, discussing the new cold war on China and Russia and the ongoing transition from a US dollar-dominated financialized system to a "multipolar de-dollarized economy." The Grayzone's Max Blumenthal and Ben Norton . - PowerPoint PPT presentation Number of Views: 77 Avg rating:3.0/5.0 Slides: 42 Provided by: delmarlea Category: Tags: business | law less State company agendas here in a professional manner. Whatever your area of interest, here youll be able to find and view presentations youll love and possibly download. This PPThemes 'Company Introduction PPT | Free Business Presentation' Features: Download Monserrat and install Lato font and before editing this template, in order to see it as you find it here. Thus, this concept protects the shareholders from being personally liable for any wrong or obligations of the company. The name of the company must be engraved on its common seal. 2. in the u.s., the founders wrote the constitution with the idea, Introduction to Law - . most notes, Introduction to Law - . The person, authorized to use the seal, should ensure that it is kept under his personal custody and is used very carefully because any deed, instrument or a document to which seal is improperly or fraudulently affixed will involve the company in legal action and litigation. The word 'company' is derived from the Latin word (Com=with or together; panis =bread), and it originally referred to an association of persons who took their meals together. criminal sanctions, Types of Companies (s.14(2)) Classified according to two main ways: Liability of its members, Whether it is public or private company. The principal points of distinction between a company and a partnership firm are as follows: Mayank is an alumnus of the prestigious Faculty of Law, Delhi University. A resilient trading perform Enter the email address you signed up with and we'll email you a reset link. %%Invocation: path/gswinc.exe -dDisplayFormat=198788 -dDisplayResolution=96 -dBATCH -dNOPAUSE -dNOSAFER -dALLOWPSTRANSPARENCY -sDEVICE=pdfwrite -dPDFSETTINGS=/prepress -sOutputFile=? Just by guessing that student should have been able to get 37%. Then you can share it with your target audience as well as PowerShow.coms millions of monthly visitors. HTKO0W9x'^[lUq*@Gq@lPvD3Io^n&*JUZbC:DLYw3:j1;`y`nX-xY,7`zwp5)|EC! There is no further liability attached to the holder of fully paid up shares. Section 8 company is the exception to this characteristic because Section 8 company is formed with no profit motive. 588]. Therefore, the company as a legal person can take action to enforce its legal rights or be sued for breach of its legal duties. 3) Pragmatic approach 2. Private International Law. The persons who contributed in it or form it, or to whom it belongs, are members. So. However, a person duly authorized to execute documents pursuant to a power of attorney granted in his favour under the common seal of the company may execute such documents and it is not necessary for the common seal to be affixed to such documents. = jGCGGG(Bp.XJP,"D15),XIb?i! The SlideShare family just got bigger. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. It is a different 'person' from the members who compose it. "An unjust law is no law at all and need not be obeyed." Laws must have a good moral basis. (1) A company having a share capital may be incorporated as a private company if its memorandum or articles -(a) restricts the right to transfer its shares;(b) limits to not more than fifty the number of its members(counting joint holders of shares as one person and not counting any person in the employment of the company or of its subsidiary or any person who while previously in the employment of the company or of its subsidiary was and thereafter has continued to be a member of the company);(c) prohibits any invitation to the public to subscribe for any shares in or debentures of the company; and(d) prohibits any invitation to the public to deposit moneywith the company for fixedperiods or payable at call, whether bearing or not bearing interest. Slide 1: This is an introductory slide for Company Introduction. On being widely accepted this rule will become law when a class of persons who are in power (the government, for instance in present day societies) in any given society enforces it. To know more, see our, Distinction between Company and Partnership, Distinction between Company and Hindu Undivided Family Business. MERCANTILE LAWS It deals with the rights and obligations of Commercial persons emerging from commercial transactions. The lowest score on exam 1 last quarter was 40%. introduction to law. The company is not liable for contempt committed by its officer. - PowerPoint PPT Presentation TRANSCRIPT Law is that portion of the established habit and thought of mankind which has gained distinct and formal recognition in the shape of uniform rules backed by the authority and power of the Government . Development of Company Law. A partner cannot transfer his share and make the transferee a member of the firm without the consent of the other partners, whereas a company's share can ordinarily be transferred. 0000004831 00000 n Company-An Introduction Accounting for Shares and Debentures 246 (d) Foreign company A foreign company is one which is incorporated outside India but has a place of business in India, for example Philips, L.G, etc. Home Layout 3NewsTechnology All CodingHosting Create Device Mockups Browser with DeviceMock Creating Local Server From Public Address Professional Gaming Can Build Career CSS Properties You Should Know The Psychology Price. "It is a means of cooperation and organization in the conduct of an enterprise". Instructor: Byron Lilly http://www.deanza.edu/faculty/lilly (408) 864-8431 lillybyron@fhda.edu. The membership of an incorporated company may change either because one shareholder has sold/transferred his shares to another or his shares devolve on his legal representatives on his death or he ceases to be a member under some other provisions of the Companies Act. introduction to law. Companies Act, 1956 which is being replaced by the Companies Act, 2013. Great design can help your ideas stand out and improve readability - honing your ability to become a great communicator. Section 15. The court did not restrain the exhibition of the cassette. endstream endobj 100 0 obj <> endobj 101 0 obj <>/ProcSet[/PDF/Text]>>/Type/Page>> endobj 102 0 obj <> endobj 103 0 obj <> endobj 104 0 obj <> endobj 105 0 obj [778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 250 333 555 500 500 1000 833 278 333 333 500 570 250 333 250 278 500 500 500 500 500 500 500 500 500 500 333 333 570 570 570 500 930 722 667 722 722 667 611 778 778 389 500 778 667 944 722 778 611 778 722 556 667 722 722 1000 722 722 667 333 278 333 581 500 333 500 556 444 556 444 333 500 556 278 333 556 278 833 556 500 556 556 444 389 333 556 500 722 500 500 444 394 220 394 520 350 500 350 333 500 500 1000 500 500 333 1000 556 333 1000 350 667 350 350 333 333 500 500 350 500 1000 333 1000 389 333 722 350 444 722 250 333 500 500 500 500 220 500 333 747 300 500 570 333 747 500 400 549 300 300 333 567 540 250 333 300 330 500 750 750 750 500 722 722 722 722 722 722 1000 722 667 667 667 667 389 389 389 389 722 722 778 778 778 778 778 570 778 722 722 722 722 722 611 556 500 500 500 500 500 500 722 444 444 444 444 444 278 278 278 278 500 556 500 500 500 500 500 549 500 556 556 556 556 500 556 500] endobj 106 0 obj <> endobj 107 0 obj [778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 250 333 408 500 500 833 778 180 333 333 500 564 250 333 250 278 500 500 500 500 500 500 500 500 500 500 278 278 564 564 564 444 921 722 667 667 722 611 556 722 722 333 389 722 611 889 722 722 556 722 667 556 611 722 722 944 722 722 611 333 278 333 469 500 333 444 500 444 500 444 333 500 500 278 278 500 278 778 500 500 500 500 333 389 278 500 500 722 500 500 444 480 200 480 541 350 500 350 333 500 444 1000 500 500 333 1000 556 333 889 350 611 350 350 333 333 444 444 350 500 1000 333 980 389 333 722 350 444 722 250 333 500 500 500 500 200 500 333 760 276 500 564 333 760 500 400 549 300 300 333 536 453 250 333 300 310 500 750 750 750 444 722 722 722 722 722 722 889 667 611 611 611 611 333 333 333 333 722 722 722 722 722 722 722 564 722 722 722 722 722 722 556 500 444 444 444 444 444 444 667 444 444 444 444 444 278 278 278 278 500 500 500 500 500 500 500 549 500 500 500 500 500 500 500 500] endobj 108 0 obj <>stream Clipping is a handy way to collect important slides you want to go back to later. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. (para. But once the powers have been laid down, it cannot go beyond such powers unless the Memorandum of Association, itself altered prior to doing so. In fact, the purposes for which people may wish to associate are multifarious. Perumal v. H. John Deavin, A.I.R. rules,regulations,guidelines. Mention Your Name and Affiliations Start with the introduction basics. The company is the real person in which all its property is vested, and by which it is controlled, managed and disposed of. 0000001676 00000 n It is capable of enjoying rights and being subject to duties. Please try again and reload the page. Thus, perpetual succession denotes the ability of a company to maintain its existence by the succession of new individuals who step into the shoes of those who cease to be members of the company. % 99 21 Generally, the existence of a company is terminated by means of winding up. The Memorandum of Association of the company regulates the powers and fixes the objects of the company and provides the edifice upon which the entire structure of the company rests. 1.1 Definition. 3.A legislator may look at law as something Created by him Procedure: s. 26: pass a special resolution(at least 75% of those who vote) with appropriate alteration to the name to change its type, comply with with registration requirements & provide info to ROC If private convert to public, lodge with ROC: a copy of special resolution, a statement in lieu of prospectus & a statutory declaration. In a partnership, the property of the firm is the property of the individuals comprising it. When the joint-stock companies were established, the object was that their shares should be capable of being easily transferred, [In Re. Its rights and duties are distinct from those of its constituent members. Request PDF | On May 16, 2002, Paul L. Davies published Introduction to Company Law | Find, read and cite all the research you need on ResearchGate The word 'Law' is a general term and has different connotations for different people, e.g., 1.A citizen may think of Law as a set of rules which he must obey. Furthermore, the only day and time you can arrange to take an early or makeup exam with me is Friday from 1:30-2:30. these slides are designed to make note-taking simpler. A company, being a creation of law, can only be dissolved as laid down by law. 5 Steps to Polish a Boring Company Introduction PPT Slide Step 1: Represent your business with an impressive visual What does your company actually do? Essential Materials. Company introduction PPT with eye-catching elements should catch the audience's attention effectively. through Depository Participants in dematerialized form instead of physical transfers. If you dont read the book in my class, you will find my exams very, very difficult. ? 2) Difficulties involved in defining the term II. 99 0 obj <> endobj Introduction to business law 2. 1) Various reflections on the term law 2. It usually covers topics of contracts, bailment, Agency, sale of goods, partnerships, companies, negotiable instruments, insurance, pollution control etc. You can read the details below. Within the limits of powers conferred by the charter, it can do all acts as a natural person may do. Tanzania Human Rights Defenders Coalition [THRDC]. If so, just upload it to PowerShow.com. You might even have a presentation youd like to share with others. 0000008861 00000 n Law is a system of rules that govern a society with the intention of maintaining social order, upholding justice and preventing harm to individuals and property Law systems are often based on ethical or religious principles and are enforced by the police and criminal justice systems such as the courts In the UK, two major categories of law apply, what are the 4 purposes of laws? One of the key features of a company is limited liability, which means that the shareholders of the company are not personally responsible for the debts and obligations of the company. Both are issues that have come to prominence in the aftermath of the financial crisis of 200709. It is a complex and ever-evolving area of law that is regulated at both the federal and state level in the United States. Download now. [British Thomson-Houston Company v. Sterling Accessories Ltd., (1924) 2 Ch. corporate law: law principles and practice. A company may have any number of members except in the case of a private company which cannot have more than 200 members (excluding past and present employee members). Don't start telling, start showing. However, to avoid winding up, sometimes companies adopt strategies like reorganization, reconstruction, and amalgamation. And, best of all, it is completely free and easy to use. Where video cassettes were prepared by the workmen of a company showing, their struggle against the company's management, it was held to be not actionable unless shown that the contents of the cassette would be defamatory. A company is a "legal" person. Development of Company Law Business Organization Types of Companies. A company is required to have its accounts audited annually by a chartered accountant, whereas the accounts of a firm are audited at the discretion of the partners. Chapter 4 Real-Business-Cycle Theory *****@jnu. Part A Introduction Modern economies undergo significant short-run variations in aggregate output and employment However, fluctuations do not exhibit any simple regular or cyclical pattern Kitchin's 3-year Juglar's 10-year s's 20-year />Kondratiev's 50-year<br/>Some facts<br/>Okun's Law :US<br/>Per. You can read the details below. What is Company Law? A company has a right to seek damages where a defamatory material published about it, affects its business. a company) is the creation of law, it is not a human being, it is an artificial juridical person (i.e. In terms of the Companies Act, 2013 (Act No. Business Law is also known as Commercial law or corporate law, is the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales. 43 held that "no member can claim himself to be the owner of the company's property during its existence or in its winding-up". 2007) who explained firm decisions in . 0% 0% found this document useful, Mark this document as useful. chapter 1. the law and change. In common law, a company is a "legal person" or "legal entity" separate from, and capable of surviving beyond the lives of its members. Therefore it is capable of owning property, incurring debts, borrowing money, having a bank account, employing people, entering into contracts and suing or being sued in the same manner as an individual. laws are primarily created through two different methods:. What is Law? It comes with a fully editable template structure, fifty custom master slides, and over four hundred slide template designs for you to enjoy. As already noted, the members may derive profits without being burdened with the management of the company. Likewise, a shareholder cannot be sued on contracts made by his company. It is called an artificial person since it is invisible, intangible, and exists only in the contemplation of law. Members can join or leave the company but the company can continue forever. Im going to show you how to create your user I. (para. Activate your 30 day free trialto continue reading. PPT - Introduction to Company Law PowerPoint Presentation, free download - ID:3971429 Create Presentation Download Presentation Download 1 / 17 Introduction to Company Law 1103 Views Download Presentation Introduction to Company Law. Introduction to Company Law | Overview Introduction Definition of Company Nature and Characteristics of a Company Distinction between Company and Partnership Distinction between Company and Hindu Undivided Family Business This article titled "Introduction to Company Law: Meaning, Nature and Characteristics" deals with an overview of Company Law created by law); it is clothed with many rights, obligations, powers, and duties prescribed by law; it is called a 'person'. : s.4(1) : not including government agencies; corporation sole; co-operative societies & trade union. A company is a legal association of people who combine finance to a business. liability limited by the unpaid amount of shares and liability limited up to the amount guaranteed in the memorandum. The proportion of capital to which each member is entitled is his "share". Company and Corporation Not co-extensive but overlap Company: limited meaning; s.4(1) CA : 4 types; not including foreign company (Part XI, Div.2 CA) Corporation: broader term; includes company. This article titled "Introduction to Company Law: Meaning, Nature and Characteristics" deals with an overview of Company Law and it also discusses the distinction between Company and Partnership; Company and Hindu Undivided Family Business. eq: what types of courts exist and what is the role of the us, Introduction to Law - Click your mouse anywhere on the screen to advance the text in each slide. 1.Company Limited by Shares A company limited by shares is a company formed on theprinciple that the members' liability is limited by the MOA to the amount, if any, unpaid on the shares taken up by them. Once the articles are filed and approved, the company becomes a legal entity with the ability to enter into contracts, sue and be sued, and own assets in its own name. Consumer Protection ACT OF THE Philippines in relation to Lemon LAW 1; Notes on PDIC LAW RA 3195 2; Notes ON RA 9184 Government Procurement Reform Act; Notes ON TILA Truth in Lending Act RA 3765 1; Notes on RA 10667 Philippine Competition Act 1; Water refilling station business proposal; Senior 12 Fundamentalsof ABM 2 Q1 M1 for printing <> These may include disputes between shareholders, disputes with customers or suppliers, and regulatory investigations. Development of Company Law. In the leisurely past, merchants took advantage of festive gatherings, to discuss business matters. 3 Q.B. We've encountered a problem, please try again. It is rather a legal device for the attainment of the social and economic end. > (para. the death or insolvency of a shareholder or all of them does not affect the life of the company, whereas the death or insolvency of a partner dissolves the firm, unless otherwise provided. 1 Definition & Scope. Limited Liability is of two kinds i.e. Transnational Law. They do not have effective and intimate control over its working and they elect their representatives as Directors on the Board of Directors of the company to conduct corporate functions through managerial personnel employed by them. Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. A company incorporated under the Act is vested with a corporate personality so it redundant bears its own name, acts under a name, has a seal of its own and its assets are separate and distinct from those of its members. Lawa set of rules or regulations a government uses to regulate the conduct of people within a society. Slide 3: This is a slide to state Our Vision And Mission with Goals and Strategies accompanied with text boxes. * 1) Legal Personality (I) Firm as a "nexus of contracts": this description is often used in literature to emphasize the fact that most of the important relationships within a firm are essentially based on consent, rather than involving some form of extracontractual command-and-control authority. All legal proceedings against the company are to be instituted in its name. After reading this lesson, you would be able to understand the historical development in the evolution of corporate law in India and England, emerging regulatory aspects including Companies Act, 2013, besides dealing with basic characteristics of the company and how it differs from other forms of businesses. chapter 6 limitations in seeking judicial relief. It is essential for companies to understand and comply with the various legal and regulatory requirements that apply to them, and to seek legal advice and representation when necessary in order to protect their interests. It appears that you have an ad-blocker running. To find and view presentations youll love and possibly download sole ; co-operative societies & union... Might even have a presentation youd like to share with others 99 21 Generally, the members who it! All legal proceedings against the company but the company, being a creation of law that is regulated at the! And Mission with Goals and strategies accompanied with text boxes document as useful 0 obj < > endobj to... Engraved on its common seal limited by the unpaid amount of shares and limited! Is not liable for any wrong or obligations of Commercial persons emerging from Commercial transactions Act, (... Existence of a company ) is the creation of law that is at... 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Your ideas stand out and improve readability - honing your ability to become great. 1 last quarter was 40 % capable of being easily transferred, [ in Re the management of the Act. //Www.Deanza.Edu/Faculty/Lilly ( 408 ) 864-8431 lillybyron @ fhda.edu s.4 ( 1 ) Various reflections on the.!: this is a legal association of people within a society the audience #... The lowest score on exam 1 last quarter was 40 % profit motive can all. Your name and Affiliations start with the idea, Introduction to law - not the... And view presentations youll love and possibly download the firm is the exception to this because! Exception to this characteristic because section 8 company is a slide to state our Vision and Mission with and! Or to whom it belongs, are members with the rights and obligations of Commercial persons emerging from transactions... Slide 3: this is an introductory slide for company Introduction PPT with eye-catching elements should catch the &... 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User i or leave the company must be engraved on its common seal this document useful... To this characteristic because section 8 company is a different 'person ' from the members may derive profits without burdened! 2 ) Difficulties involved in defining the term II like reorganization, reconstruction, and amalgamation Hindu Family. Enterprise '' 99 21 Generally, the object was that their shares should capable. A complex and ever-evolving area of law, it is a legal of! Do all acts as a natural person may do did not restrain the exhibition of the company can!
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