Hi fellow law students, here i am sharing lecture notes in ebook format pdf for the subject company law for llb and ba. The joint stock companies act 1844 sometimes called the deed of settlement act 1844 which laid the basic foundation for modern company law by a system. This was then ammended in 1917 to cover the whole country companies amendment and extension act of 1917. Trust basics whether youre seeking to manage your own assets, control how your assets are distributed after your death, or plan for incapacity, trusts can help you accomplish your estate planning goals. Ten things you need to know about company law the reason for including a summary of the ten key concepts of company law this very brief introductory chapter is intended to give you a list of ten basic propositions about company law which it would be helpful for. Definition of a company a company is a corporation an artificial person created by law. Being a mere creature of law, it posses only those properties which the charter of its creation confers upon it either expressly or as incidental to its very existence. Dec 28, 2017 introduction to companies act 20 chapter1 nature of company. In the field of tax in particular, many inroads have been made by both statute and the courts that allow the authorities to look behind company structures at who really owns and controls the entity. Introduction to companies act 20 chapter1 nature of company.
The scope of company law the relationship between core company law, insolvency law, securities regulation and corporate governance. Elements of company law department of higher education. These basic principles underlie much of what follows in this book. Sole trader a sole trader is someone who is in business on his own as a selfemployed person. The graduates from the universities became judges or secretaries and chancellors to the rulers.
Company needs his trade knowledge so we hope he brings with him whatever he can on a thumb drive hell travel 25% of time he is moving to california from florida and has a florida noncompete do you see any problems. Audio, video, and materials from business law basics programs are available to business law section members shortly after each webinar. It is created by law and can only be dissolved by law. Distribution of power between board of directors and. Companies have a crucial role to play in british commercial law. Company law i 2008 2009 semester one lecture outline i an overview of our company law course semester one. Company law page 3 of 84 significant part in the regulation of larger companies and is widely discussed in the theoretical literature. Because corporations operate and are regulated under a unique set of laws and structures, the legal matters that corporate managers must deal with, both in the daily operations of the business and emergency situations, will. Everything you need to know about company law ipleaders. An introduction 4 overview access to text all of this material in this text is available in desktop and mobile browser or pdf format at. Whether its a share restructure, a bespoke company formation or a shareholders agreement, we provide a tailored service to suit your needs.
Cle credit is only available for programs that are live or in the ondemand library. Ten things you need to know about company law the reason for including a summary of the ten key concepts of company law this very brief introductory chapter is intended to give you a list of ten basic propositions about company law which it would be helpful for you to know about before we begin in earnest. Company law club, we specialise in providing fast, costeffective corporate legal services to accountants and solicitors, and direct to startups, established businesses and the people who run them. For example paying taxes or driving on the right lane. Abe diploma in business administration study manual principles of business law contents study unit title page syllabus i 1 nature and sources of law 1 nature of law 3 historical origins 6 sources of law 9 the european community and uk law. Do s and donts most people would agree that the law governs human behaviour by rules. Section 3 1 i of the companies act, 1956 defines a company as a company formed and. An overview 2 common law, equity and statute law 23 custom 25 case law 26 nature of equity 32. But it is important to remember they are principles of company law. Introduction to law basic concepts of law kretschmer. For names of lawyers who have knowledge in your area, call the aba, 312 9885607 and request the flsc membership directory or the pages for a particular state, or call the state bar asso.
The importance in the study of company law of foundation course legal knowledge. Understanding corporate law is intended to assist law students and lawyers with a basic understanding of the law of corporations as taught in most corporations courses. Understanding the basics of corporate law arenson law. General principles of business and economic law an introduction to contemporary legal principles governing private and public economic activity at the national and supranational levels john w. An overview 2 common law, equity and statute law 23 custom 25 case law 26 nature of equity 32 application of principles of equity 34. Of course, company y becomes merely a shell and will eventually liquidate or enter another area of business. Ideal for those looking for company law basics, the course covers formation and company winding up, duties of directors, role of shareholders, and much more. Another type of acquisition is a reverse merger, a deal that enables a private company to get publiclylisted in a relatively short time period. Basics of the law pdf 15p basics of the law pdf 15p currently this section contains no detailed description for the page, will update this page soon. Sep 03, 2018 for lectures in pen drive whatsapp on 8554883071, or call on 9975171932. Many state bar associations also have surety committees or construction law committees. There neednt be a specific law that tells people how to get together and carry out transactions.
Concepts of law and right law, as a word, originally comes from arabian language in turkish and means rights, right means an authority given to persons by law for having, doing or not doing something, also sense togod, rightness in turkish, law is an objective concept, but right is subjective one. Statute gives maximum effect to the principles of freedom of contract and the enforceability of operating agreements. The companies act 20 is about improving corporate governance which revolves around the board of directors, senior management of the company, their roles. This section contains free ebooks and guides on law books, some of the resources in this section can be viewed online and some of them can be downloaded. There rights are the rights given by the two basic documents. This bilingual business resource, with japanese and english texts on facing pages, covers the main legal and regulatory issues involved in entering the u. A sole trader is personally liable for all the debts of the business, and so could be made bankrupt if the business is not successful. Dont miss this opportunity to hear from expert practitioners and add valuable knowledge to your practice by building a strong corporate law foundation. There are no formalities for setting up the business. Surety law committee includes lawyers who specialize in surety law. The act is a formidable document, containing a large number of.
Like much of our course of british commercial and company law it is not easily compartmentalised, tort, contract, and equity all combine. Apr 28, 2020 audio, video, and materials from business law basics programs are available to business law section members shortly after each webinar. Introduction to companies act 20 company law background of the companies act 20 the companies bill 2012 was passed by the lok sabha on 18 th, december, 2012 and by the rajya sabha on 8 th, august, 20. Pillsbury has published in japan the basics of american business law, a guidebook that features contributions by pillsbury lawyers across the firms practices. Basic overview of corporate law principles legaltree. Meaning, nature and characteristics deals with an overview of company law and it also discusses the distinction between company and partnership. Learn the essentials of corporate law including corporate structures, basic tax vocabulary, tax considerations for an ownermanager, and the use of valuation in disputes.
On january 1, 2006, china implemented its new company law. Employment law basics david tiede, director texas consumer complaint center employment law in 50 minutes. A company is aa company is a voluntaryvoluntary association of personsassociation of persons formed for theformed for the purpose of doing business, having apurpose of doing business, having a distinct name and limited liability. The indian companies act, 1956 basic concept the word company. Ideal for those looking for company law basics, the course covers formation and company winding up, duties of. Employment law basics for start up companies september 2014. You can easily search, bookmark, highlight, and underline the text material. China corporate law the basics of chinas company law. During the same time canon law arose, the law of the catholic church, which applied to clergymen and to laymen as far as marriages and wills where concerned. Members can join or leave the company but the company can continue forever. Its organization reflects the structure of corporate law across all jurisdictions, while individual chapters explore the diversity of jurisdictional approaches to the common problems of corporate law. Head university of kansas school of law carolina academic press durham, north carolina head 00 fmt cx2 10807 3. In the eyes of law, a company shaped and registered under the companies act has a separate legal entity.
Indeed, most small jointlyowned firms adopt this corporate form as well. Salomans case established beyond doubt that in law a registered company is an entity distinct from its members, even if the person hold all the shares in the company. The first companies ordinance was introduced in southern nigeria lagos in 1912. Basic concepts of business law that entrepreneurs should know. This pdf document allows you to expand the table of contents on the lefthand side of the page. A company is said to be a stable form of business organization.
Introduction to companies act 20 chapter1 nature of. After registration, the company is treated as an artificial. Companies act 2006 changes the documentation of company constitutions. The companies act, 1956 consolidates and amends the law relating to companies and certain. They can own and sell property, they can hold profits or acquire debts, they can enter into contracts and sue or be sued, and governments can tax them. In its second edition, the book has been significantly revised and expanded. Administrative appeals tribunal act 1975 australia. This study material may therefore be regarded as basic material and must be read along with the bare act, rules, regulations. Both acts were then repealed and replaced in 1922 by the companies act of 1922. Introduction to companies act 20 company law bbamantra. This multimedia program will discuss the field of business divorce and issues.
Introduction to nigeria company law part 1 this was then ammended in 1917 to cover the whole country companies amendment and extension act of 1917. There has been a dramatic increase in the activities of government during the last hundred years. Icsi house, 22, institutional area, lodi road, new delhi 110 003. Principles of business law contents study unit title page syllabus i 1 nature and sources of law 1 nature of law 3 historical origins 6 sources of law 9 the european community and uk law. The basic concepts of company law are incorporated in the act. Corporations have many of the same legal rights and obligations as do individuals. Partnership act 1890 the oldest and most basic model. Concepts of law and right law, as a word, originally comes from arabian language in turkish and means rights, right means an authority given to persons by law for having, doing or not doing something, also sense togod, rightness in turkish, law is. Business is nothing but a systemized series of transactions. European company, mutual insurance company, credit union, statutory changes of a company, group of companies. A corporation is a distinct legal entity created by statute. To acquire knowledge and develop understanding of the regulatory framework of companies with reference to various provisions of companies act and its schedules, rules, notifications, circulars.