Company law i 2008 2009 semester one lecture outline i an overview of our company law course semester one. These are the sources and citations used to research references of business law. It exists in the eyes of the law and cannot act on its own. This area of the law draws on a variety of legal disciplines, including tax law, intellectual property, real estate, sales, employment law. Corporate law and governance columbia business school. Company meetings essentials kinds of company meetings. The working of companies affects all facets of national life. In view of increasing emphasis on adherence to norms of good corporate governance, company law assumes an added importance in the corporate legislative milieu, as it deals with structure, management, administration and conduct of affairs of companies. Chapter i the role of business entities in the economy 3 i.
This five week course is the first in a series of three that will provide students. Law is defined as a set of rules established by a government to regulate the conduct of individuals and groups in a society. Business law is sometimes called mercantile law or commercial law and refers to the laws that govern the dealings between people and commercial matters. Hi fellow law students, here i am sharing lecture notes in ebook format pdf for the subject company law for llb and ba. References of business law other bibliographies cite. Business law encompasses all of the laws that dictate how to form and run a business. The syllabus corporate and business law eng study guide 11. 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. Usually, the statutory meeting is the first general meeting of the company. Business law, also called commercial law or mercantile law, the body of rules, whether by convention, agreement, or national or international legislation, governing the dealings between persons in commercial matters business law falls into two distinctive areas. Therefore, the law has provided for the use of common seal, with the name of the company engraved on it, as a substitute for its signature. The body of law which establishes rights between persons and provides for redress for violation of those rights is known as. Separate legal entity of the company is also recognized by the income tax act. The purposes and functions of business law include maintaining order, protecting rights and liberties, establishing standards, and resolving disputes when it comes to businesses and their interactions with individuals, government agencies, and other businesses.
Corporate law also known as business law or enterprise law or sometimes company law is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. A company profile, also called a business profile, is a document or tool that contains a clear and concise description of the business. A company is a body corporate or an incorporated business organization registered under the companies act. A company thus has legal rights and obligations in the same way that a. Company law known as corporate law in some countries refers to the formation and governance of corporate entities. Dynamics of business and its environment, corporate governance and social responsibility, law of contract, capacity of contract contingent contract, law of insurance, accounts, audit, licensing and registration of factories, industrial disputes act, objects and scope of the act, effects of industrial dispute, administration. Relational diagram linking corporate and business law eng with other exams 6. Individual person carrying on business without having registered a single member company. This includes all of the laws that govern how to start, buy, manage and close or sell any type of business. One of the reasons for studying business law is to learn to predict what the law will be in the conduct of businesses both at the national and international level.
This was a group assignment but as always, i could not wait for the other members to submit their part, so i did the research and wrote this paper all by myself and of course presented it together with the. Two or more people carrying on business together and not registering a company to use for their business. Companies act provides that every public company limited by shares or limited by guarantee and having a share capital should hold a meeting of the shareholders within 6 months but not earlier than one month from the date of commencement of business of the company. Companies and partnerships compared a a company can be created only by certain prescribed methods most. A company is a stable form of business organization. You will receive your score and answers at the end. A company thus has legal rights and obligations in the same way that a natural person does. Corporate law also corporations law or company law refers to the law of a separate legal entities known as the company or corporation laws and governs the. Business law and business law attorney business law is a body of the law that mainly focuses on the legal and proper configuration within with the business and the organization operates. Impact of litigation on small business klemm analysis group 2005. Business law text and cases th edition pdf free download. This law, the articles of association of the company, and provisions of other legislations shall apply to the company.
Brief contents unit one the legal environment of business 1. All business jurisdictions operate on a legal structure, and share the basic principles set out in this book. Icsi house, 22, institutional area, lodi road, new delhi 110 003. It can be a limited or an unlimited company, private or a public company, company limited by guarantee or a company having a share capital, or a community interest company. In the uk, the responsible body is the corporate law and governance directorate of the department for business, enterprise and. Therefore, it is imperative to know what business law is. These rules are legal obligations imposed on citizens and enforced by the.
Business law, the body of rules, whether by convention, agreement, or national or international legislation, governing the dealings between persons in commercial matters. A must limit the number of its members to fifty not including persons who are in the employment of the company. It outlines all the essential information about the company including the businesss or organizations history, the number of people or human resources that the business has, their physical as well as their. Law and legal reasoning 2 courts and alternative dispute resolution 28 court procedures 50. Learn more about applying law in business administration, law enforcement. If you dont have one, try using our flickr and unsplash integrations to find one that relates to your business. A company is a corporation an artificial person created by law. Bankruptcy 41 chapter ii key transactional aspects of business operations 47 ii.
Any document bearing the common seal of the company will be legally binding on the company. Keep it simple, choose the best company image you can find. Kisilwa, zaharani, business law instructor at the institute of accountancy arusha 2007 prelude this work presents the lecture notes on all the. Gatekeeper may later accept backtalks may 1 offer if it is then willing to accept delivery in four weeks. An overview 2 common law, equity and statute law 23 custom 25 case law 26 nature of equity 32. These are the slides you need to include in your company profile template. The european union is one of the worlds largest and most important economies. Page 1 sample exam questions, business law these are the type of questions that have appeared on my exams in the past. They will also be able to describe the legal consequences of incorporating a.
Understanding the fundamentals from lund university. Company law by avinash balakrishnakindly post or email me llb 2nd year notes on the following company law by avinash please send on my mail id these company law pdf. The authors of this summary are experts versed in a variety of national legal. Company law meaning in the cambridge english dictionary.
Pdf the modern corporation statement on company law. A companys life does not depend upon the death, insolvency or retirement of any or all of its shareholders or directors. Particular attention therefore is given to corporate law involving internal corporate structure. A customerfirst approach during unprecedented times. Business associations duke university school of law. International business laws pondicherry university. Article 5 1 the company shall have a name and domicile within the territory of the republic of indonesia, as determined in the articles of association. We first detail the economic importance of the corporate forms hallmark features. Business law is that part of the law which deals with mercantile transactions of mercantile people. Whether you are an entrepreneur starting your own business, a manager advancing your career at a fortune 500 company, or just starting out in the business world, studying business law will better prepare you for a successful and rewarding career in business.
Note that i am making no suggestion or warranty that any of these actual. Zimbabwean company law latest edition by tett chadwick pub. With your download, get the 16 best papers relevant to this one, including 15 top related papers. Company law notes for bcom 2nd year pdf culdadazzli. Law on business organizations 3 name article 4b 1 name of a business organization and entrepreneur shall be the name under which they are operating. Commercial law sometimes known as business law is the body of. Company law in view of increasing emphasis on adherence to norms of good corporate governance, company law assumes an added importance in the corporate legislative milieu, as it deals with structure, management, administration and conduct of affairs of companies. An understanding and knowledge of the fundamental concepts of law as they relate to business 2. Master of business administration mercantile law by mc kuchhal pdf business law is intended to serve as a omron cx programmer v9 for the students of b. References of business law other bibliographies in harvard style. A company is said to be a stable form of business organization. In the uk, the responsible body is the corporate law and governance directorate of the department for business. Limited liability companies llcs are a hybrid form of business entity that draws from a combination of principles from partnership and corporate law. This was a group assignment but as always, i could not wait for the other members to submit their part, so i did the research and wrote this paper all by myself and of course presented it together with the group members.
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