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(1) Subject to the provisions of this Act, a director of a company shall act in accordance with the articles of the company. (2) A director of a company shall act in good faith in order to promote the objects of the company for the benefit of its members as a whole, and in the best interests of the company, its employees, the shareholders, the ...
The Companies Act 1956 was an Act of the Parliament of India, enacted in 1956, which enabled companies to be formed by registration, and set out the responsibilities of companies, their directors and secretaries. [1] It was repealed and replaced by the Companies Act 2013.
The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Indian companies. [1] The tribunal, established under the Companies Act 2013, was constituted on 1 June 2016 by the government of India and is based on the recommendation of the V. Balakrishna Eradi committee on law relating to the insolvency and the winding up of companies.
2 John Mathai: 1949 1950 1 year, 0 days 3 C. D. Deshmukh: 29 May 1950 1957 6 years, 217 days 4 T. T. Krishnamachari: 1957 13 February 1958 1 year, 43 days 5 Jawaharlal Nehru: 13 February 1958 13 March 1958 28 days 6 Morarji Desai: 13 March 1958 29 August 1963 5 years, 169 days 7 T. T. Krishnamachari: 29 August 1963 1965 1 year, 125 days
Corporate law (also known as company law or enterprise law) is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. The term refers to the legal practice of law relating to corporations, or to the theory of corporations .
A company can be defined as an "artificial person", invisible, intangible, created by or under law, [2] with a discrete legal capacity (or "personality"), perpetual succession, and a common seal. Except for some senior positions, companies remain unaffected by the death, insanity, or insolvency of an individual member.
Also, the Russia have Closed Action Company - "Закрытое Акционерное Общество" 26.12.1995 N 208 - The Law of Federation "(about) Action Company" or "Joint-stock company" or "The limited liability company have stock or share" 12.26.1995 N 208, as Closed Joint-stock company and Open Joint-stock company. [31]
Vyavahāra (Sanskrit: व्यवहार) is an important concept of Hindu law denoting legal procedure. The term is analyzed by Kātyāyana as follows: "Vi means ‘various,’ ava means ‘doubt,’ hara is ‘removal’; legal procedure is called by the term vyavahāra because ‘it removes various doubts.’” [1] Kane defines it as follows: "When the ramifications of right conduct ...