For Legal Professionals Home
Lexuniverse Resources
Bare Acts
Rules and Regulations
Draft Agreement
Agreements & Contracts
Cyber Laws in IT & ITES

With the phenomenal and enormous growth of Internet specialized branch of Law called Cyber Law.

Immigration & Emmigration

When a person enters a new country for the purpose of establishing permanent residence and ultimately gaining citizenship , it is called

Immigration.But the residence of immigrants is subject to the conditions set by the Immigration Law.


Features of a Company

Company has been outlined as an association of a number of persons formed for some common purpose and registered as per the provisions of the law relating to company. The Companies Act, 1956 defines a Company as an existing company or formed and registered under this Act. Such a Company is regarded as a person having specified rights and obligations as the law confers on it a distinct legal personality with perpetual succession and a common seal. A corporation or a company established by an enactment is called a Statutory Corporation, such as Industrial Finance Corporation, Life Insurance Corporation of India, Reserve Bank of India, etc. The first step towards formation of a company is registration. A company is formed on the basis of a voluntary association of the members. An act of a shareholder in individual capacity cannot bind the company. A company must have capital, a registered office and a common seal. Generally, the liabilities of a shareholder of a company are limited. The individual shareholders are not liable to the creditors of the company. A company is bound to follow the statutory obligations regarding management, such as, filing balance sheets, maintaining proper account books, registers, etc.