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COMMERCE MCQs 01 _ Questions and answers with explanation _ Cost Accounting

on July 04, 2023

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CORPORATE REGULATIONS AND ADMINISTRATION : INTRODUCTION TO INDIAN COMPANY LAW 01

VIDEO LINK CORPORATE REGULATIONS AND ADMINISTRATION INTRODUCTION TO INDIAN COMPANY LAW MODULE – I UNIT – 1 (Part 1) HISTORY & FEATURES ======================== HISTORY OF COMPANY LAW The principles behind Indian Company Law owe a lot to English Law relating to companies In England, Companies originated as voluntary association of individuals based on contractual relationship. There was no proper mechanism to regulate the functioning of these companies That induced the legislature to intervene and in 1720, it passed what is known as the Bubble Act. The Act made it a criminal offence to act as a corporation without the sanction of an Act of Parliament or a charter. The history of modern corporate law in England began in 1844 when the Joint Stock Companies Act was passed. The Act provided for the first time that a company could be incorporated by registration without obtaining a Royal Charter or sanction by a special Act The Act denied to the members

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COMMERCE MCQs 01 _ Questions and answers with explanation _ Cost Accounting

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