A company limited by guarantee is a private company where the liability of its members is limited by the company’s constitution. The limit of liability […]
Company
Understanding the Concept and Features of a Company
The company is a distinct form of business organisation governed by the provisions of the Companies Act. This statute lays down the legal framework for […]
Determining the Residential Status of a Company under the Income Tax Act
The residential status of a company for tax purposes is determined under Section 6(3) of the Income Tax Act. According to this section, the determination […]
Understanding the Nature and Features of a Company
The Companies Act is the fundamental statute providing for the incorporation, management, administration, and regulation of companies. It outlines procedures related to the declaration and […]
Steps in Company Formation: From Promotion to Incorporation
The process of forming a company begins with the idea and initiative taken by individuals called promoters. These promoters carry the initial responsibility of transforming […]
Residential Status of Companies: Legal Provisions and Tax Impact
The residential status of a company plays a critical role in determining the scope of its tax liability under the Income Tax Act. Whether a […]
Understanding a Company: Definition, Key Traits, and Recent Legal Developments
A company is essentially a voluntary association of individuals who come together for a common purpose, usually to carry on business for profit. Although the […]
How Companies Are Formed: A Guide to Promotion and Incorporation
The formation of a company involves several crucial steps that transform a business idea into a legally recognized corporate entity. The initial phase begins with […]
Understanding the Concept of a Company: Definition, Features, and Recent Case Law
A company is a term widely used in commercial, legal, and economic contexts, yet it carries no strictly technical or legal meaning on its own. […]