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companies act - Coggle Diagram
companies act
definition
corporation/invisible in law/intangible
artificial person
own property
sue & be sued
run through human
contracts
seperate legal entity
continuous succession
common signature
body corporate
limited liability
by shares(unpaid amount)
by
gurantee(@winding
up)
lift corporate veil
protect revenue/tax
try to avoid legal
alien company(war)
bonus=invest
subsidiary to act as agent
fraud/improper conduct tds(circulating money)
applicable
insurance
banking
this act/ all eralier acts
electricity
any other co
composition
29 chapters
company rules
7 scedules
470sec
corporate veil
succesion
1st paid to secured creditors/2nd to unsecured creditirs/3rd shareholders
seperate legal entity
moa/aoa
moa
name
object
address
liability
aoa