Company - Law Dictionary Search Results
Amalgamation
amalgamation is a blending of two or more existing undertakings into one undertaking, the share-holders of each blending company become substantially the shareholders in the company which is to carry on the blended undertakings. There may be
Prospectus
of Medical Sciences, AIR 1995 Del 268. Is a document which invites persons to take shares in a company and sets forth the advantages of the company an advertisement is also a prospectus, Paramatha Nath v. Kali
Power of Court to order meeting to be called
to be called. - (1) If for any reason it is impracticable to call a meeting of a company, other than an annual general meeting, in any manner in which meetings of the company may be called,
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Association, Articles of
Companies Act, 1929, ss. 6, 11 and 380). This is the formal contract of the members of a company with each other and with the company embodying its regulations for the conduct of the company and its
Just and equitable
Just and equitable, are a recognition of the fact that a limited company is more than a mere legal entity with a personality in law of its own: that there is
Liquidator
Liquidator. A person appointed to conduct the winding-up of a company under the (English) Companies Act, 1929. Liquidators are of three kinds:-- (1) Appointed by the court in a
Shares in public undertakings
the profits. See now UNDIVIDED SHARES. Shares are limited in number, each share being indivisible and, in a company having a share capital, must have a distinctive number. Such companies and companies limited by guarantee and having
bad debt expense
bad debt expense An expense account that reflects the amount of your company's accounts that are not collectable, that is the amount of your company's accounts that are "bad debts." A
Stannary
s. 18 of the Judicature Act, 1873 [see now Judicature Act, 1925, s. 26)], to county courts; see Companies Act, 1929, ss. 163 (jurisdiction in winding up), 297 to 299 (attachment of debts, preferential payments, and mine
Capital
the source of a periodical or other return (fructus, produce or income). The word 'capital' when employed in Company Law is used in different senses. Nominal capital is the capital of a company so stated for the
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