FYBMS, SYBMS, TYBMS and beyond BMS
Definition of a private company is given under section 3(i)(iii) as follows: Private company means a company which has a minimum paid up capital of...
Partner by Holding Out : Where a person represents himself or allows others to represent him as a partner of a particular firm, he becomes...
Special or Full Indorsement If the indorser signs his name and adds a direction to pay the amount to or to the order of a...
Crossing means drawing two parallel transverse lines across the face of the cheque with or without the words “and company” in between the lines. It...
There are six clauses in the Memorandum of Association [u/s. 13]- Name clause: This clause requires a company to state its name. A company to...
At common law, he is liable as a bailee and hence should take much care of the goods as a man of ordinary prudence would...
The right and liabilities of the shareholders when a company receives payment in advance of calls are as follows:- The liability of the shareholders to...
To disclose all the material facts relating to the promotion of the company. It is the duty of the promoter to disclose all the profit,...
Test Of Partnership In determining whether a partnership exists or not, or whether a person is a partner or not the real relation between the...
Exceptions: The doctrine of indoor management is subject to the following exceptions: 1. Knowledge of irregularity: Under the rule of indoor management the benefit cannot...
