Introduction Flashcards

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1
Q

What is a company, What is Company law, and what are the advantages that come with company Law?

A

According to lord justice Lindley, a company is an association of people that put together their money or money’s worth into a common stock, and employ it into a trade from which they share the resulting profits or losses.

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2
Q

What are the advantages of company law?

A
  1. Coperate Gorvernance:
    Company law sets standards for the governance of companies so that companies are given ethically and efficiently in order to protect the interest of shareholders and avoid corporate scandals, mismanagement, or fraud
  2. Protection of shareholders
    Company law defines the rights and responsibilities of shareholders, and how they interact with the company, with the aim of protecting the interest of both them and the company
  3. Compliance and Enforcement:
    Company law sets rules for compliance and consequences for noncompliance to be enforced by the competent authorities in matters like legal requirements or report fillings
  4. Legal framework
    Company law provides a legal framework for how companies should be created, registered, managed, and dissolved
  • Coperate Gorvenance
  • Protection of Shareholders
  • C

Acronym: CPC baLi

Coperate Gorvenace
Protection of shareholders
Coplaince and Enforcement
Legal Framework

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3
Q

What is company law?

A

company law is that branch of law that governs the formation, registration, management, and dissolution of companies.

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