Corporate Criminal Liability – An Indian Perspective
A. INTRODUCTION CONCEPT & RATIONALE OF CRIMINAL LIABILITY OF CORPORATION Corporate bodies are more corrupt and profligate than individuals, because they have more power to do mischief, and are less amenable to disgrace or punishment. They neither feel shame, remorse, gratitude nor goodwill Hazlitt. [1] The evolution of the concept of criminal liability of corporations is… Read More
Tags: Corporation, criminal law, India, Law, Legal liability, Legal personality, Supreme Court of India, United States
Commencement Notification CA2013 :: Miscellaneous :: Section 447 :: Punishment for fraud
Chapter XXIX Miscellaneous (447 - 470) Section 447- Punishment for fraud Without prejudice to any liability including for repayment of any debt under this Act or any other law for the time being in force, any person who is found to be guilty of fraud, shall be punishable with imprisonment for a term which shall… Read More
Tags: Company, FeedBurner, Fraud, Law, Legal liability, Legal personality, Punishment, Site of Special Scientific Interest
Commencement Notification CA2013 :: Section 202 :: Compensation for loss of office of managing or whole-time director or manager
Chapter XIII -Appointment and Remuneration of Managerial Personnel (196 - 205) Section 202- Compensation for loss of office of managing or whole-time director or manager (1) A company may make payment to a managing or whole-time director or manager, but not to any other director, by way of compensation for loss of office, or as… Read More
Tags: Annual General Meeting, Board of directors, Companies Act, FeedBurner, Legal personality, Management, Manager, Remuneration
Commencement Notification CA2013 :: Notified Sections 185 :: Loan to directors, etc
Chapter XII -Meetings of Board and its Powers (173 - 195) Section 185- Loan to directors, etc (1) Save as otherwise provided in this Act, no company shall, directly or indirectly, advance any loan, including any loan represented by a book debt, to any of its directors or to any other person in whom director is… Read More
Tags: Board of directors, Extraordinary resolution, FeedBurner, Legal personality, Privately held company, Reserve Bank of India, Rupee, Security (finance)
Structuring of Business Entities in India
Written By S.Dhanapal, B.Com,B.A.B.L,A.C.S Practising Company Secretary STRUCTURING OF BUSINESS ENTITIES IN INDIA SOLE PROPRIETORSHIP MEANING:- The sole proprietorship is the oldest, simplest, and most common form of business entity. It is a business owned by a single individual. For tax and legal liability purpose, the owner and the business are one and the same.… Read More
Tags: Asset, Business, Companies law, Corporation, Hindu Undivided Family, Incorporation, Legal personality, Sole proprietorship
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