Corporation - Law Dictionary Search Results
Company
for business purposes and company partnerships is that a duly constituted company is a 'person' in law (see CORPORATION), while a mere partnership is not a legal entity, although the partners may sue and be sued in
Charitable purpose
utility. The advancement of any other object of general public utility is not found under the Delhi Municipal Corporation Act. In other words, the definition is narrower in scope, Municipal Corpn. of Delhi v. Children Book Trust,
Business
v. Regional Manager Uttar Pradesh Financial Corpn., AIR 1993 SC 935 (939): (1993) 2 SCC 279. [State Financial Corporation Act, (63 of 1951), s. 24] --Business would undoubtedly be property, unless there is something to the contrary
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concerned to such information. It need not necessarily be to sell only or solely for commercial exploitation, Municipal Corporation of Greater Bombay v. Bharat Petroleum Corporation Ltd. (2002) 4 SCC 219 (227): AIR 2002 SC 1638. [Bombay
annual report
annual report : a written report distributed to shareholders each year by a corporation that sets forth financial information (as an auditor's report, the selling prices of the corporation's stock, and the
articles of incorporation
articles of incorporation :a document by which a corporation is formed that sets forth basic information (as the corporation's name, purpose, directors, and stock) usu. as required
dissolution
caused by the withdrawal of one of the partners from the relationship c : the termination of a corporation involuntary dissolution : dissolution of a corporation by a court in response to a shareholder petition based on
going private
going private : the process of transforming a public corporation into a close corporation by terminating the registration of the corporation's stock, the listing of the stock on
liability
the state of being subject to civil sanctions (as restitution or damages) [the acquittal does not relieve the corporation of civil liability for its fraud] see also tort NOTE: Civil liability is created by a legal theory
security
indebtedness, ownership, or the right to ownership ;specif : evidence of investment in a common enterprise (as a corporation or partnership) made with the expectation of deriving a profit solely from the efforts of others who acquire
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