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Company Law Assignment Help


Company Law Assignment Help

Corporate law and company law can be classified as the same. It is the study of the legalities involved in the formation and operation of the company. It also deals with the company regulations and helps the company to deal with their assets during the process of liquidation. It is a discipline that is assumed to be really close to the commercial and corporate laws. The law varies from state to state and country to country, and if you have chosen company law assignment help, then you must know about this fact. If you are searching for the company law assignment help then you are at the right place to get guidance and support in this particular topic.

Division of the company law

If you want to write an assignment on company law, then it must be well known to you that it is divided into two groups that are given below:

  • Corporate governance: Corporate governance can be defined as the study of the relationships between the senior officials or the executives of a company. It includes board of directors and the people who elect them to be board of directors.
  • Corporate finance: It is the study of the source of finance for the purpose of funding and creating the source of wealth of the company. It also deals in the code of conduct implemented by the managers to enhance their value and their firm’s reputation before the stakeholders.

Company Law Assignment Help Based on the Type of Business Entity

Types of business organization

Definition

Boons

Curse

Other laws related to the organization

Sole proprietorship

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 structure.

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 objectiveness. It is a complex form of business structure and requires certain formalities. For creation of a company, it is necessary to file an application before a registrar and to provide a different constitution for 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)

A company 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’. 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 contact our company law assignment help services:

  • Distinctive personality: A company has a distinctive personality which means that the image of a company is distinctive from that of its owners. A company has a legal existence and hence can sue or can be sued by other individual.
  • Limited liability: It is a boon for the company as the shareholders are liable only to the extent of their capital contribution. This means at the time of repaying the debts the shareholder only has to pay the amount he is holding in the form of the shares.
  • Perceptual succession: It means that once the company is incorporated under the company’s act 2013, it cannot lose its existence until the winding up of the company by law. In other words a company once created by law can only be destroyed by law. As per our company law assignment help experts, it remains unaffected by the death, retirement or admission of the partner.
  • Separate property: Our company law assignment help experts, claims that a company is a distinctive individual in the name of the law which means it could hold all its properties under its own name. It is responsible for all the actions taken by its owners.
  • Common seal: The experts of Company law assignment help define common seal as the official signature of the company. Since the company cannot sign on its own so it enters into the contract with the help of its common seal.
  • Contractual rights: Some of the contractual rights are as following:
  1. A shareholder cannot bind anyone with the contract made by his company nor does he possesses the right to do it. He has no authority to get the benefit from it.
  2. A shareholder or a member can be sued for the contracts made by his company.
  3. The distinctive personality of the organization bounds its owners and members with each other through a contract which cannot be neglected.

Limitation of the actions of the company

Company law assignment 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 look beyond the veil of the name of the company and to solve the disputes arising. As per the experts of Company law assignment help, 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 a contract with a 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 followed in different 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 concrete information on that then this article would definitely help you in this regard.

1. Company Law of United States of America
Company law of the United States of America includes 51 different types of laws applicable on different companies. It means there is one law for every state and district in USA. The two sources of these laws are: First, the American bar association and second, the Model Business Corporation Act.

  • Corporate governance
    Company law assignment help describes the power and administration for the country as a combination of laws developed by the court as well as by its own articles of incorporation. It also defines the relationship and the powers that are to be shared by the officials of the company. But it should be noted that different incorporators are bound by different sets of rules but there are certain standards and guidelines including:
  1. Admission or removal of any stakeholders. The different set of laws provides assistance at different levels. So the most appropriate law can be followed to remove or elect your stakeholders.
  2. The provisions are also enshrined under the 1940 Investment Advisers Act, incorporation of Investment companies Act and the 1974 Employee Retirement Income Security Act.
  • Corporate finance
    The corporate finance of the United States of America, includes the 1940 William Act and Investment Adviser Act, Consumer Protection Act and Dodd- Frank Wall Street Reform, the 1934 Securities Exchange Act and the 1933 Securities Act.

2. Company Law of United Kingdom
The companies incorporated in the UK is governed by the company law formed under the Company’s act 2006. Company law assignment helps expert 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.

  • Corporate governance
    Company Law Assignment Help specialist elucidate that corporate governance in United Kingdom deals with the balance of two inseparable organs that are; the board of directors or the higher authority of the company and the General meetings held during the financial year.
  1. Company law assignment help provides that the removal of the stakeholders could be done only if the majority supports the decision.
  2. Companies in the United Kingdom are free to grant their employees the right to enter as members and it also provides the right to elect the board of directors. But still there are some orthodox companies who do not follow this practice.
  3. The directors of the company are assumed as the key authority of the company. Section 171-177 of the 2006 Companies Act of United Kingdom bestows 7 key powers to the director.

The Experts at TotalAssignmenthelp.com providing Company Law Assignment Help explains some acts that are used in the corporate governance of the company in the United Kingdom such as:

  1. The 1982 Supply of Goods and Services Act: it provides for reasonable prices, time, skills involved and cost incurred for Goods and Services.
  2. The 1979 Sales of Goods Act: It provides provisions for ensuring reasonable quality goods and services without presence of adulterants.
  3. Consumer protection act 1987: it can hold anyone liable if he sells the product that is not up to the standards.
  4. The 1984 Data protection Act: The Source of any personal data such as name address and any other personal information needs to be documented.
  5. Price making order 1991: it makes the provision of writing the selling price on the goods.
  • Corporate finance
    It should be kept in mind that in United Kingdom, the finance of the corporate is concerned with the rights and duties of the shareholders or the members, its workers and the directors with reference to accountability and reliability. The 1986 Insolvency Act has provisions that regulate the process of insolvency and the rights of creditors arising out of such an incident, particularly on the basis of a floating charge.

3. Australian Company Law
The Australian Corporate Law 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.

  • Corporate governance
    Apart from providing information pertaining to compliance and explanation of statutes governing the company, Corporate Governance also spells out the duties of the Directors
  1. The Corporations Act 2001 provides every shareholder or the member a single vote per share. But it can deviate from one share one vote from company to company as listed in Australian stock exchange.
  2. As provided under Corporations Act 2001 (section, 249 d) there should be meeting if 5 % of the member vote for it or at least 100 members request for it in a written format.
  3. Directors have the right to do anything that is best for their company. Their rights are subject to similar jurisdictions in terms of loyalty towards the organization and the obligation of care towards the benefits of the company.

How does Company Law Assignment Help facilitate Students?

Company Law Assignments essentially covers two major sections of company Law: Corporate Governance and Corporate Finance. The experts providing Company Law Assignment Help at Totalassignmenthelp.com are specialized in preparing content on these topics.

It does not matter what college or university you are part of or what subject you are pursuing, the writers at Total Assignment help are expert professionals with specialized education from all fields and can give you content which is well researched and plagiarism free, at super affordable rates.

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