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An Overview of The Companies Bill, 2011
Contents:
1.0 Meaning of Company
2.0 Companies Law
3.0 Sources of Company Law in Various Countries
4.0 Companies law in Some Countries
5.0 Origin of Companies Act in India
6.0 The Companies Act 1956
7.0 Background of Companies Bill, 2011
8.0 Highlights of the Companies Bill, 2011
9.0 Important Provisions of the Companies Bill, 2011 in Brief
10.0 Provisions of the Companies Bill, 2011 in Detail
11.0 Professional Opportunities for Chartered Accountants under The Companies Bill, 2011
About the Author
1.0 Meaning of Company
The word 'Company' is an amalgamation of the Latin word 'Com' meaning "with or together" and 'Pains' meaning "bread". Originally, it referred to a group of persons who took their meals together. A company is nothing but a group of persons who have come together or who have contributed money for some common purpose and who have incorporated themselves into a distinct legal entity in the form of a company for that purpose.
Generally, a company is a form of business organization. The precise definition varies from country to country.
Companies, whether public or private, are an indispensable part of an economy. They are the modes through which a country grows and expands world wide. Their performance is an important parameter of a countries economic position.
2.0 Companies Law
The basic theory behind all business organizations is that, by combining certain functions within a single entity, a business can operate more efficiently, and thereby realize a greater profit. Governments seek to facilitate investment in profitable operations by creating rules that protect investors in a business from being held personally liable for debts incurred by that business, either through mismanagement, or because of wrongful acts.
Companies law (or the law of business associations) is the field of law concerning business and other organizations. It is an establishment formed to carry
Contents:
1.0 Meaning of Company
2.0 Companies Law
3.0 Sources of Company Law in Various Countries
4.0 Companies law in Some Countries
5.0 Origin of Companies Act in India
6.0 The Companies Act 1956
7.0 Background of Companies Bill, 2011
8.0 Highlights of the Companies Bill, 2011
9.0 Important Provisions of the Companies Bill, 2011 in Brief
10.0 Provisions of the Companies Bill, 2011 in Detail
11.0 Professional Opportunities for Chartered Accountants under The Companies Bill, 2011
About the Author
1.0 Meaning of Company
The word 'Company' is an amalgamation of the Latin word 'Com' meaning "with or together" and 'Pains' meaning "bread". Originally, it referred to a group of persons who took their meals together. A company is nothing but a group of persons who have come together or who have contributed money for some common purpose and who have incorporated themselves into a distinct legal entity in the form of a company for that purpose.
Generally, a company is a form of business organization. The precise definition varies from country to country.
Companies, whether public or private, are an indispensable part of an economy. They are the modes through which a country grows and expands world wide. Their performance is an important parameter of a countries economic position.
2.0 Companies Law
The basic theory behind all business organizations is that, by combining certain functions within a single entity, a business can operate more efficiently, and thereby realize a greater profit. Governments seek to facilitate investment in profitable operations by creating rules that protect investors in a business from being held personally liable for debts incurred by that business, either through mismanagement, or because of wrongful acts.
Companies law (or the law of business associations) is the field of law concerning business and other organizations. It is an establishment formed to carry