WINDING UP OF COMPANY
Winding up (or liquidation) is the process by which a company’s assets are collected and sold to pay off its debts. Any monies remaining after...
Category : DU LLB
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BOARD OF DIRECTORS
What is Board of Directors? A board of directors (BoD) is the governing body of a corporation or other organization, whose members are elected by...
LIFTING THE CORPORATE VEIL
What is corporate veil? The Corporate Veil Theory is a legal concept which separates the identity of the company from its members. Hence, the members...
CORPORATE VEIL OR SEPARATE LEGAL ENTITY
What is Company? Company is an artificial person with entity separate from its members having perpetual succession and common seal with transferability of shares and...
DOCTRINE OF ULTRA VIRES
The word “ultra” means beyond whereas the word “vires” means limits/powers/authority. Doctrine of ultra vires means the principle of acting beyond the specified limits, powers...
ADVERSE POSSESSION / Acquisition of Ownership by Possession SECTION 25 – 27
Adverse possession means when a person holds property owned by any individual for an uninterrupted period for more than 12 years, they would become the...
ACKNOWLEDGEMENT UNDER LIMITATION ACT
What is acknowledgement? Acknowledgement, in the legal context, is essentially a debtor’s formal recognition of existing liability. According to Black’s Law Dictionary, acknowledgement signifies “a recognition...
REFERENCE REVIEW & REVISION UNDER CPC
WHAT IS REFERENCE? Reference means to refer an issue to someone to obtain an opinion on it. A matter is generally referred to when its...
APPEARANCE OF PARTIES & CONSEQUENCES OF NON- APPEARANCE ORDER IX
What is Appearance? When a party “appears,” it means they actively engage in the legal proceedings by being present in court or by being represented...
SUMMARY PROCEDURE ORDER XXXVII
Summary suit or summary procedure is provided under order XXXVII of the Code of Civil Procedure, 1908. The summary suit is a unique legal procedure...