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G SEPARATE ENTITY
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If company do not follow the principle of separate legal entity_________can be done.
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A company being a legal person is also a citizen under the Constitution of India
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A company is a separate __________
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A company becomes a legal person separate from the incorporators from the date of incorporation.
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One-person company is a separate legal entity distinguished from its promoter, it has own assets and liabilities.
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Members may come and go but the company can go on forever.
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The concept of independent corporate entity may under certain circumstance be disregarded.
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The concept of separate corporate entity was confirmed in the case of Lee v. Lee’s Air Farming Ltd (1961).
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A company has a legal entity distinct and separate from its constituent members or shareholders.
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Prospectus was a public offer of shares despite the indication that described it as private circulation only. This principle was enunciated in ___________
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The Members of the board of directors constitute the pillars of the company by which the company can only act or take decisions through them. This principle was enunciated in ___________
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Since the corporation performs the functions of a commercial entity, it cannot be regarded as an organ or a department of the government of India. This principle was enunciated in ___________
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This law as evolved in the area of mergers and amalgamation has recognised the importance of the Court not sitting as an appellate authority over the commercial Wisdom of those who seek to restructures business. This principle was enunciated in ___________
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Promoters stand in a fiduciary position. They have in their hands the creation and moulding of the company. This principle was enunciated in ___________
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Each member is entitled to say that there shall be no breach of the Articles and he is entitled to an injunction to prevent breach. This principle was enunciated in ___________
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Section 439 of the Companies Act, 1956 contains the right on a shareholder to petition for winding up of the company in certain circumstances. This right cannot be excluded or limited by the articles. This principle was enunciated in ___________
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Under the law an incorporated company is a distinct entity and although all the shares may be practically controlled by one person, in laws a company is a distinct entity and it is not permissible or relevant to enquire whether the directors belonged to the same family or whether it is compendiously described as one man company. This principle was enunciated in ___________
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A company will be registered as an Indian Company even if it is incorporated in India by promoters of foreign rationality. This principle was enunciated in ___________
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A deemed public company is neither a private company nor a public company but a company in a third category. This Principle was enunciated in _________
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Company may ratify the ultra vires borrowing by the directors if it is taken bonafide for the benefit of the company. This principle was enunciated in __________
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Outsiders are bound to know the external position of the company but are not bound to know its indoor management. This principle was enunciated in ____________
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Persons dealing with the Company are bound to read the registered documents and to see that the proposed dealing is not inconsistent therewith. This principle was enunciated in ___________
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A company can assume enemy character when persons in defacto control of its affairs are residents in any enemy country or whenever resident, are acting under the control of enemies. This principle was enunciated in___________.
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A company incorporated in United Kingdom in a legal entity, a creation of law with the status and capacity which the law confers. The principle was enunciated in __________
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Shareholder cannot insure the company’s property in his own name even if he is the owner of all or most of the company’s shares. This principle was enunciated in __________
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The Directors are not precluded from being an employee of the company for the purpose of workmen’s compensation legislation. This principle was enunciated in _____________
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City Equitable Fire Insurance Company. Re. (1924) All E. Rep. 485 relates to ___________
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Ramesh –v- ROC (2007) 135 Comp Cas 655 relates to ________
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Automatic self-cleansing Filter Syndicate Co. Ltd. –v- Cuninghame (1906) 2 Ch. 34 relates to _________
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A Company is a larger person or “legal entity” separate and capable of surviving beyond the lives of the members. This was held in ______
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The company will be considered as a separate person and different from its members from the date (when the) ___________
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The company will be considered as separate person and different from its members from the date (when the) __________
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“Men may come and men may go but the company exist” – this explains which characteristics of the company as per Companies Act, 1956.
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