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DIFFERENCE BETWEEN PUBLIC AND PRIVATE COMPANY UNDER COMPANIES ACT 2013 PRIVATE COMPANY: Section 2(68) of the Companies (Amendment) Act, 2015 defines a Private Company as a company which has a minimum paid up capital as may be prescribed, and by its articles: (i) restricts the rights of its members to transfer of share, (if it…
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CONVERSION OF PUBLIC COMPANY INTO PRIVATE COMPANY AS PER COMPANIES ACT 2013 PUBLIC COMPANY According to the Companies Act of 2013, a company that is listed on a stock exchange and is able to offer its securities to the general public is referred to as a public company. The company must launch an IPO in…
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Special privileges of private company under company law PRIVATE COMPANY: A private company is a firm held under private ownership. Private companies may issue stock and have shareholders, but their shares do not trade on public exchanges and are not issued through an initial public offering (IPO). Section 2(68) of the Companies (Amendment) Act, 2015…
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LIFTING UP OF CORPORATE VEIL UNDER COMPANIES ACT 2013: Statutory provisions and judicial provisions, Salmon vs Salmon & Co. case CORPORATE VEIL The Corporate Veil is a shield that protects the members from the action of the company. In simple terms, if a company violates any law or incurs any liability, then the members cannot…
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FEATURES OF COMPANIES UNDER COMPANIES ACT 2013: Statutory body, voluntary association, minimum and maximum number of members, perpetual succession, common seal, registration, transferability of shares etc. Company is an artificial person created by the law for some common purpose where the capital is divisible into parts known as shares with perpetual succession and common seal. ACCORDING…
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KINDS OF COMPANIES IN COMPANY LAW : Statutory companies, chartered companies, registered company, foreign companies, investment companies, one person company, public company, private company etc. QUESTION: Define a private company and state the special privileges which it enjoys under the Companies Act, 2013? ANSWER: PRIVATE COMPANY A private company is a firm held under private…
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COMPANY AND ITS FEATURES NOTES: Characteristics of Company, Lifting up of corporate veil Question: Define a company and explain its special characteristics? Company is an artificial person created by the law for some common purpose where the capital is divisible into parts known as shares with perpetual succession and common seal. ACCORDING TO PROF. HANEY “A…
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REGRESSION ANALYSIS: MEANING The statistical technique of estimating or predicting the unknown value of a dependent variable from the known value of an independent variable is called regression analysis. Sir Francis Galton introduced the concept of regression for the first time in 1877 where he studied the case of one thousand fathers and sons and…
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Importance of correlation is as follows: CORRELATION Correlation is a statistical technique which shows the degree and direction of relationship between the two variables. It ranges between -1 to +1. According to AM Tuttle “Correlation is the analysis of co-variation between two or more variables.” According to Croxton and Cowden “When the relationship is of…
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CORRELATION NOTES PDF: Correlation, Correlation and Causation, Types of Correlation, Significance of Correlation, Methods of Correlation etc. CORRELATION Correlation is a statistical technique which shows the degree and direction of relationship between the two variables. It ranges between -1 to +1. According to AM Tuttle “Correlation is the analysis of co-variation between two or more…
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