MBAL-105: Legal Aspects in Business – Unit 17

MBAL-105: Legal Aspects in Business – Unit 17

Objectives: Understand the meaning of a company form of business; Define a company and describe its characteristics and types; Explain the stages in formation of a company; Understand how a company is managed and the role of Board of Directors and Explain the meaning and mode of winding-up of company.

Materials:
The relevant material is available here.

Questions:

1. Explain the salient features of a company.
2. What is a one person company? State its salient features?
3. Explain section 8 companies.
4. When and how a company can buyback its shares?
5. Explain the modes of winding-up of a company.