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Corporate law and company law can be classified as the same. It is a legal study of the set of the formations and operations of the company. It also deals with the company regulations and helps the company to deal with their assets at the time they are terminated in the process of liquidation. It is a discipline that is assumed to be really close to the commercial and corporate laws. This law varies from state to state and country to country, and if you have chosen company law assignment essay help, then you must know about this fact. If you are searching for the company law assignment essay help then you are at the right place to provide you guidance and support in this particular topic.
Breakup of the company law for Company Law Assignment Essay Help
If you want to write an assignment on company laws, then it must be well known to you that it is divided into two groups that are given below:
Company Law Assignment Essay Help Based on the Type of Business Entity
Types of business organization |
Definition |
Boons |
Curse |
Other laws related to the organization |
Sole proprietor |
Sole proprietor is the one who manages the business all by himself. It is the simplest form of the legal organization |
It does not require any legal requirements
It does not need any professional set up
It is not a complex form of business organization
It is controlled by one person only |
It is not helpful in raising capital
All the losses are to be borne by the proprietor only |
trade descriptions act ,1972 This law deals in the area of criminal offence and providing such false or fraudulent accusations which may mislead the customer |
Partnership firm |
It is a very flexible form of business organization. |
It does not require any legal filing
It can be legally created with just two partners only |
Death of any partner would end the partnership
The partners are jointly and severely liable for all the debts of the partnership firm |
Partnership act 1932: this acts governs all the provisions of a partnership
liability partnership act 1907 Section 4(2), section 6(1), section 5 provides the provisions for the partnership
Limited liability partnership act 2008
|
Company |
It is the association of the people who agree to carry on a business with same goals and achievements. It is a complex form of business organization and requires certain formalities. For creation of a company, it is necessary to file to registrar and to provide a different constitution to the company with the names of the first signatories and a nominal amount of payment |
Can subdivide a large capital into smaller units
Limited liability minimizes the risk of loss of investments |
Creation of company is energy and time consuming and also require a huge amount of capital
It is a complex form of business organization
|
Companies Amendment Act passed in the year 2006
Post 2006: Company Registration Procedure
Pre-2006: Company Registration Procedure
The companies act 2013
|
Essential Characteristics of a Business (Company whether Public or Private)
The corporate is provided with many power, commitments, controls and responsibilities just like a human being. That is why according to the company’s act 2013; it is called a ‘person’. But unlike human being, the company’s obligations and all the other properties are written in the memorandum of association and the company has to act according to its memorandum of association. If you want to read all the features of the company in detail then this article on company law assignment essay help. is going to be a great help for you:
Limitation of the actions of the company
Company law assignment essay help also highlights the reality that the company cannot dare to go against its powers that is provided in the memorandum of association. The company has to be in the limits of its memorandum of association. If a company dares to go beyond its powers and duties then the companies act 2013 has provided certain regulations and punishments for the company. Lifting of corporate veil means that the corporate law has to come to the power and to look beyond the veil of the name of the company and to solve the disputes arising. Sections (45,147,212, 247 and 542) provide certain rules and regulations regarding the lifting of corporate veil. For example if a shareholder enters into the contract with the third party by providing him wrong and fraudulent information about the company affairs then according to the company law he would be held liable for his deeds and the case would be filed under his name instead of the company.
Company Law form some Developed Countries
Every country in the world has a different set of constitution regarding the company laws; hence it follows its own company laws. If you are looking for the concrete information on that then this article would definitely help you in this regard.
1. Company Law of United States of America
Company or corporate law of the United States of America includes around 51 different types of systems of company law. It means there is one law for every state and district in USA. The two prior sources of these laws are: First, the American bar association and second, the Model Business Corporation Act.
2. United Kingdom’s Company Law
The company law incorporated in the UK is governed by its own company law formed under the Company’s act 2006. Company law assignment essay help experts explain that the Corporate Governance Code of United Kingdom, the 1986 Insolvency Act and the Court Cases and Derivatives of the European Union have a huge bearing on the Company Law of United Kingdom.
The Experts at TotalAssignmenthelp.com providing Company Law Assignment Essay Help provide some acts that are used in the corporate governance of the company in the United Kingdom
3. Australian Company Law
The Australian Corporate Law of is mostly derived from the company law of United Kingdom. The corporate could be formed with just one statute or law governing it, which is the Corporations Act 2001. The Australia securities and investments commission single handedly enforces these statutes.
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