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Railway

Railway. A road owned by a private person or public company on which carriages run over iron rails; if the road is a public highway, that part of it

Owner

(ii) in the case of an association, any of its members; and (iii) in the case of a company, any of its directors, managers, secretaries or other officers who is directly incharge of, and is responsible to,

Estoppel

a principal or some one authorized to bind him, consequently the certification of shares which is not a company's certificate that the person named therein is registered as the holder of the shares in the register of

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Association, Memorandum of

a deed, bearing the attested signatures of not less than seven persons or, if it is a private company, of not less than two persons, each taking at least one share in the company which is the

Undertaking

2 Mad LJ (SC) 6: 15 Fac LR 411: 16 Law Rep 140. Undertaking, denotes, with reference to company law, all the assets of the company past present and future, and is a mortgageable interest being commonly

Voluntary winding up and winding up by the court

the expressions 'voluntary winding up' and 'winding up by the Court' have acquired a technical meaning in our Company and Insurance jurisprudence. Like the Co-operative Society Laws, the Companies Act and the Insurance Act also make a

Insurance

all; in some the principle on which the allotment is made is not disclosed. the third species of company is that which is formed on the basis of mutual insurance. In this there is no proprietary body

Ultra vires

Ultra vires [Lat.] (beyond the powers), said of a corporation or company when exceeding its authority. If the powers are given or acquired at common law or by custom or

Tables

Tables, under the Companies Act, 1929, First Schedule:- A. The model form of Articles of Association for a company limited by shares. See ASSOCIATION, and ss. 8, 115, 333, 379 and 380. B. The model form of

Shareholder

how a beneficial owner of shares whose name does not appear in the register of shareholders of the company can be said to be a 'shareholder'. He may be beneficially entitled to the shares but he is

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