Topic CORfoRATE LAN Date 1G/o/2021

SHASHLDAT AuASTHI
14ol0 2 +

SECTLON-A
Q DOcTRINE OF INDOOR MANAGENENT
mode u
me oooeavaki on was ma C a
Royal hsh ank vs. Tunquand (1856) advel des
n dochine ndeor Nanagemet
LNeaning n Dochine
bere d o cwsing enceph ms me par i udav
dochane,ik u m peahve b undushand me meand ng-
o n dochine el Ihdeev Managemet
e dochine e Censhruchve mohco rous o
bunden om people eering nh csmhracks un
h
Comp0ny mat maOn rUmed ho have
Yead ha documens ougt ha miglt
o t awe read u m . On nL O hond
docine ndegtMOnaaemens alows au mase

s o deQ pay o aAUme nak Nu

roviio Mo arhles hae 62n o eaeved lo

Yne oicuu o N e Company In on unDYd
o t ound nqwne inb e

Jaudaruih o unknal rocadngs .Am ousiden 'u

Mot_epeckd s hak ne CDmpan Caues
au &tnal 3uleho. docine baa ed
n.e oovious yeon e. coweienc
buuoi ness_alahD)
2

Topic Date

SHASHWAT AuSASTHI 10ol |2+

Oigin e he pochrine
As mehomed bekre ma docioe ooo laid
doum n h Cone Roya ari ich BanK vs
Lungquand
In n Cnstant Caae ne din ectdrs o oo

auussed by a arides o
Copo
6 bond Suda sums one
should hrom time to Hme b a nselhm e

Comea meahing ganaa

n a b auus d
o b browed. he dinecs bsnd
DTui s u t n e auHaih g u c ves-
i on. ha quepion aros ene e

CompO wA alole m na bomd

IUaA eld ha na Conmpany o o ialele.

n n bond, aD TCie Tunqdand) usao euijHad
to amume hat n vesatuh sn o_n Copa
genena
enena meehns ad 0n pamed. dard
Hahe ooerved- Ousiders ana ound o Knou
h enlernad poiom e n s Companybu ana
ot bound b_Kno undesy mana emet

Dhe ule a not acceped hing rm

well etablished in Jas unil kuoao pproved
approved

A, Hose e_ ords in Nahoney vs. Cast Molyord

ning
 Topic Dat9

SHASHDAT AWASTHI 0loI 12+

Excepims h e dochine eindooY manageme

Sube o ha aleunng- encaphsns:

Kineuledae Irequany- Da rule dloes t

wmo ao achual r cowsruch-

rolech_any percom
ve noic na Anf o antusmky a

prsmacing m ba H Compa
i o encapli sm Can be undarsksDdnro
Mousard vs. e r Pake Ivay o

In ha n slau can ayhde ea ompam

Cepa
emp owexsd diye dive cors o orou

Pound, Could encand ns ini ui n

CSne emp aneal
meeh na
such cmaet e y lorowed 35sD pounda
nd sk dehetnes. he Conp r e wed bo p a
a moont .

Tt ap dd hat e dahenhunns e gund o

M enek 0D pounds y a e u had
neie h uten Uuequanhi

N o Knousledge e Menorandum and Avhdeg Nha

sule cannot o uvoked auouro
sho dud no meorandum and oyhdes,
And a s Hhw, did no
ve
Ye m am

D emcuphm a n b wndusmd hroug e Cane

oKoma spTahw hroved Tin & CeneTn vesmet o
Topic Date.

SHASHUw AT AuDASTHI olO23

n_ne unstant
cn X was a die
c o rn
mvesm k_ompanyHe purpwhna o act sm
behal cop eJer ed Coract

ui n Aama Csrprahm and eol a cizEe

Chea uueprom n Jatn. n e orhdes e
COmpay did erov ide Hat na DirecoYs could
deleaae h i n powers lo om e nem Bu, Rama

Cnporaion Yead a aides

ne àaler t
u n d nat na drechws
drd mot dRale n
dd
pouts X Plain
e velied on H nule b Indoor Managemet

It ono held s t u
plainh cannot yely
yule, letauae did
p m Yle n o t kno uo

ab
alo eustenu e n poucn h dole1ale,_
utich usap meuimd e ari cle

Void e Fa Iuead vanaachiom- he ude do most

Pp b r a w aa ci m id ave vod JlenaQ
a iikD, c
ncepu on Can la wndaAs hoDd Cose

Raudaen vs. Cqyea FingaCsoidaltd 106)

At CO n e secieto Copany
divechvs Yeauned
aed Si anahunas o h e m
wdu a r havi des on a shon Chee Ond
Us ved he Cenh tcale nhout athnn hy .
Topi
Date

SHASHDAT ALDASTHI

he oppllican claimed b ehHes

nasleed aomembes Cop
I LAaD a d hat o cenhicele
mlllh Cund ma holdur h shd
Cani icsale cold of odw ankee
e
d odo chane 4 ndae manapemeL

Negiaena: an ehicann e acompan e

Someking usica o t ordi n n Ly lo
w n w powtng, hepexsm daalina ui
m t _ m a l e o e r enquues ond sahsy
imsely a hu
kcans aunvMy h
ils o make
he canno el pm
Yua
o ndaor managemet
ioemcapi smCan b wndos koD d hroug na_car
e A.L. Undanuood enk
VS
dve pool (112
w l a k me pesn <uo wa Vu solee
dinecoY and
inipa0shavelaolde a ammpan
pasd
paid uo Oum
Oumaccount cheau draum
Lmpa mpa a hels AP hat
Y banle sho d eve madeL p e r enquiies
o
e powen direch. AcCsrdu ngl t.
O oot evAHed sYe pm n dochine
doy manapexme

edsdhne it atso et
appu
quesi n veaard n very cwisenc an agen u
 Topic Date

SHASHOAT AuOASTHI 1 d i o 124

a)Dochine d wa Vivea

Uuya vi res m eos amdpouers 1e, an ac dsma

oy e compa md is leg poues and
uuda D acs h i c a Coopeay perp
One authavic ed lay
4) Ocjechs clauuse spedued in Memorandu
Y Comp a
oAKociahm e
uich ik u reis eed. Objeck in cuda inci
daraloluecs aljoj and
Csmpois
Ac.

A a c _dsme 4 n comp a usic ni

s t d sed b ko olojeths msr ne Cpe
es A u ulva-vires poutrs and atuev.

h e Y compayAn a t _uich s wva

ie n
vi compay s vodand cannot nd u
Compay SncL m ack void t cannot
aiied m Shandnoldors eier

In a eading Cae m point Luidh sh dincun

ed a uboequetpav.agraphs], u waa od
Cshrack wltra- vires Yu
onpa
voLd and not eNeM ho suloaequet osset o nu
whsle oody
usle oo dy Sheveoldevs Coudd
vah AnAn
Uva- vivea csnwatk ainq void ab iniio connet
a.Come avives by a on eskoppcl lapse
me vah hcoMon
 Topic Dats-

SHASHSAT AuUASTH 17DIOI 12

shbunyRal way Canuase and Irm vs

Riche (1235)
Fack here w c Compa oecks, o namels
&)bmakeand sel_o Lend m Ü Yailway
coua and w a s , and al 'nde u Yailway
elans ttngs, macuinea and rolUinsclk, (ü)
bo Cony m l buines mechanicay enginears
and genenu conhradors 5 Ciü) n
purch apt ese
wK and seu ines , uner ads, land and
and

laidings C) h purchane and sell a merelaa-

n imo oa,merals 5Y onnas madev ds.

The Commpo Snhraced nanco anshvuc-

hon o a oau idoe in Belgium and
was enidenca mat hna aareem
arem ee
had b0on rahied oken
a l na members alen
Y company nepudia a u areemend and uoa
UKDE Sued breacdh e c a c k . n is
anco e Compa s8 Jack c a padly
Jo ene ' o a Cmracudidh ap ouida h
Scope o ks ojecks elaua e ohann pary
eacn e mact.
bcouaon achonD dama o
iD nleuh ona ere h a hu Conhac n

quephon Come well uilin me meani na

WSTYdA enera tsmtacaS and un, s e r e
in powes M Comp a Se condly
yad sad Yahied
 Datc
Tupic

SHASHAT AudASTHI DIO124

oy ma y o nnL shanemeldos

Meld ) nu lem gen eal mtra chvs' must l laken

D ndicae y rABn man inga genea,
na
C u c Conhras a s w e n a Cepnecked w
bwines mechani engineas I n g k
ud nlevelah on,nas preoet mract

uoaa euively laund nnolajes speied

Meworandum e ociakan (MoA)

2) A Csmbract ultlya-vires Yhe compamy s

void and not esen nu subequetouset o
m hole btdu e s sharelslders Could
r a h y U . sh e had bean an a.chual vahiaim.
o u d mot have ven ule b Conack st
h a
hod
ewiolen
o
i tce b at
ne maost
oould howe amoomed o a sanChon b ha
shoanoldans b na ad ne duechrs u i d
ven b e e ns Canyack was eened inb,
sowd ho+ have mad v J , ae d doe
mat nelae ko an eaec uiin a scope

e MoA

Can Aorneu emenal vs. qreat Ekan

Radway Co h e nde rds aied
ndple lasd dom _shbury u eld hat

doch
doch ne o CDsh ed veasonably.
 SnesuAT huST 101012

aet
oarly reardad on obe) n.
oY onea u o '

ajs lahre ahnaises z h

dudii
iid sruthianam b e utravIe

BProcadune oehon Diect aunz

eerahsn c oepars t sukori berz seidz

P.orah n a Lrptah r

esuisie Ls
dnaa presCibed wnderSechon 13 r

Cospaies dck, 2o13 rlu Conpanie Rle22014

1kpro cadun a lallsws

.Cal arnà Convene n board Reaing ia
o l e s nan sewen days id
o eak sn e bjech clause
A Copan maj p a specias reelwh m

Compy
bpashail e a
copu e ne êpeluh s
n fdm No. NGT. 14 i n ne C inun
S0 days Ym dake cl vesdh
Meuandur
ASDCiahsm (ae alereA)
Topic Dato

SHASMDAT AASTHI 1OIO12

eRo Shal xeapslea Y same 0nd

Chy
e gAshrakm wndes k s hand an 30
day de ing
ina
do cumes. eeckive da l t e n ah on
L L dale ushe Reanobran Coy a we
Yease ma alee ahm

o koleck nunm h udaesE yeami sn has hean

0
pased caanga ectect da
No Com pany ues a Y aw ed msnyron
puolic
puolic_roug prospeckho and shu a a
shu has an
n
unutiizcd amount e u
y aDed shallot dang ds obiect
vais-ed r msme mrougl pfospechus
wnles a peciad

and an exik ophm sex&idast givon

ven
ho disenhng shaneholdeg n Jerms o n
Yegudais preácribed ay SEe and preacubed
dekails ane puolished n me engix ond
ne veahaculas anauage nespape uidh s n

Cincudahsn ar o pla u ueed iohice

Coup Cop Ouy Smald ond also placad m
Cse aw'sseie indicahng fusiiahsn
Su cmane .

Tt may okd hwt h alre said speci

11

Topic Date-

SnASHWAT AJASTHI 01027

Ye don shall laa pamed b Pool Galot

akh w han at ma CqenencdMeahn
ot 0 reauuue n con
oPC and
oe ompaies avig SEB members m a t
more nan Tu Mundye (UD)

AG) Posikm eDiyechovs undenn

CompanLao
ypetinik Sn g s Kaquiremens
hleanm pirechoy dained as o dinethay
appointd o n Board o Compay unds
Sechion 2(34) e a Copanmes Ad,2013, h e
M lem Board nc oard e Diechs eért
Ya Coueckhive budy diuecrrs na

Copa
S p n hapk x1 o Compame Ac, 2o13, Y
o dinecttS Copauy a spedied

n Ye Cane o apubic compamy un]mUm

nre and maximum ean d i e d a

aarpoinkd,out eutich tleast 1/3r

showdwd lh independ e t Dxvetkuvs

private mpay, Y
mninmUm and

maximy m en
one - Persn
Copuy, h e io
a
wnim um J
12

Topic Date

SHASHSAT AoASTHI170100127

wly irecdr.

Poi on | Shahwo Direchors :

T vey d ut rD deine u enact ejal
duinechors a sma
oug h diuechs ave b n yeleared
a rustees Y manain pehners
Comp b t arealsemse u
aM D úechrs may o Omid
ed a a es buskes o manann4 par hne
s k a learhcudas nusmet aud h
erhulay PA p e

Bowen L . J . obperved, L piveckYs O dosu 6ed

&Smehmes. O man a na parmers mehmeg

a agenks and&meimas as ruseas, t 2ecL
e enpYenima o wsid ot

enhauh'e e naeir poue and reeponiai l e s

a ndicaim ue poinsoh vieoram
ic ma n mamet aud
parkiondarpurpoe ma laa cidaiad,"
n e oinecs sesyank 1 ne(mpag ?
vs. ReRent'sk Cqonage o.
it has oen slaled et a diuechv i vot

seavaut onup a ral a m oue

a1airt o
a
tompa. As eicens, nay myl S
13

Topic Date

SWASMudAT ASTI 1dIO2

held i alale a rovi no a Compa

e a Ack have o t n
l Conp Led wit

Duechts O
Agents
-

e Conpany being an onhkidal perAm hnot

manage Us om aairs selitsel manag-
emek
eme e Compay o esmhr usd name
wum an aency knoum ap Direhs. D a r e
n seeded e p r e e k a h v s o he sharelold-

exS
n Can e Fenguwm vs Odm, t wa
D
neld h a t phecrovs o a maD mesel

aes e n Cop & a Cemp anai an

arilual perm Can ack

omly Yo
direchors. nat Ugit, h rel ahoniip blus naa
direcors and ha Compauyuuua a rdi-
naryelaiom pincipal oand aqe

When o diedw igw belsae a

n
compa
Copau
CompawHat u held u a l
Ond mot n &inechur AO, he agens,
Mey v e o decan an permal lerest-
hey have a ransadism e n
COmp a
4

SHASMwAT AuASTHI 1701012+

m Cme 8 Indian Ovensea ank vs

b h a s leeen ddHat na
. MavKehin,
n s t la mada
duechuY o 0 comP ay owd
able meey lae ca a direduy, u
has n o t iven a
e r m a l g u a r a e s

he
YGLsay talen
la compM

DUuechoYS as rusleeg
sbict sense, e dinechos o not
n a
CSmdaAed
hroshs but ney one alw ays
nd reaed a ruseas o msna and opa
o ir han d w'ch
wi dh Conna o

i de CSmol As elaoeved lby

Madras L n Ca o Romasuoan Tyen
ye
v ahamayya a Co rearding poweA
s a p p n und Cap Any and Y
e n u i b wMe p0wel nadun ecurs a
tusees and aMe nne daah Yu
iable as
COwe e adh on suvives aaainat n a le a
erepprapecahieh Yepresenlahyes

id duehvs ane
vou eun due m
degubed ap yosteg ruske0s laaame
m e nah hein e i c e . Dihecho
Oppoined o manage u aoing
ne Cmpany he nelk o
Shaveholder S . Buk , n e dineccDY o a cpamy
S

TOp Date

ShASMAT AASMI DjO2+

not enat ruslea ne_can
o uill selkennet). Me e a paid
Opai
Copa

As pe
As peA n prciples aid doum na
Ce e Pexcivad vs riauh diuedrs are
mot he yusteeS s hshaye holdaus. a
h Y Ustees e1 n e Compex Sama

MnCApleua veiteAaled Ü Cane

Pekin vs nd e m

pULechoYS a Nanan Pavtners

5m auhors Sids a COmpamy o ba

a dage Parheasip im Tn a uapa

Ye_manaemet hondahanda e man
decho So a d i echx o
Mana
Maraug
p n e parhes 0nd n shanelholdu
Yh drmaut parhmeL. Even houa
Subalauhial pouea ma la emvoskd upm
di echvs Y h an ousida such a peAm
ha hac
wndt n Supe unlemdan smho
0nd dinech on s Me board e Diekrs .

Diuchrs asOrgangea Company

Durecos and managers vereoen na dunccing
in d 6Y will o h omp a ad umraL wthat
it doe y ac ce M Y9ana o a CPA
A6

Tupit pte

SMASM AT wASTUI I}DIDI27

In a vs
Sand ard 1and Co (141o), t war

o eeAved hat he board direchorS

i a
6Taun od oha Compay urlaid
ood
SEcTIDN-B

Q8 Requutheg a a vald Heahng o h a Board

e oand o echys i me Suprema auMArbr
iy n a ompauu I a reopsnáihle kav

manain n aa shslesbale Cmp

cop

oY eedive unchomine aand

nd Vezsld
manapeme o ompawM t myexahve
net board meahnes ane conduched at
e u l o uteVals. foY his , Sech 6n |23
he ConpaiesAch, 2013 ovidus

Ca o
Compaya Public Jiited
r s t oard mhn ha h lo an duckd
n n ust 30 days, 6 mreN ah-
Sn dal. Addihonal um me4board
mceh ng wat e dd U Spa
6n
yeon 4o, me cannot o
a
n hwD meehns
ap d
120 dauy b
 Date-

ShASMwAT MwASTUI 1oIDI | 2

dn e Care
oSmal Companies Dna
ersm Compa a 1eoak h meahrg n w t
a comduuced in exch
Sne
ha M inan-
cal
Cial ye Addlinal ne gop l u
huD
meohns
maahings uuat la atlaaot 0 days
Requpik
Nohe o &oardNeobn noio
oadHukin relrs o documet nut u
s e tt o
S a diuechs o Connp CA w
d a cume uakNMA s munbers akbat a

venuedale ,hme and agenda

meha U wees e Companmes n veguued
o g nolia a t leat d a g s bre e
achua_day mo meeh r

9QuDrmm m
Heohng- Dhe quorum Y
m bacd Meuhnp yeters o inimum
embet Bardveaued
Condud vad Board a a h a . AcLdine o
Sechon 14 o e Cop aeD Ae, 2013, n
wnunMum aoard
aoard mebens reg uved
avalid meo ha i 1/3d u bh0
dire cDYs

Lwe ovis dres ot ap py o _ne

Pexktn Compomel
18

Topic Date

SMASHdAT AwASTUu 1DIOLH

Panthdpahon n n MehAA dine dors

On en comagRd hD parkcpale U
bDard_meehneA ond ceo phyical presenea
moE 8 ola, at lest ab erd meehngs
rou a yideo- Coveena

R t Conveig Auum hy - u board

mehn must be hald undea n diuech on
p aHamhy Usually, cs
re D ausize a meehr
9ropeA fremding eicen meahn
must _auoays o condued
resen e a ckainm.an e e Board

ropon Agenda- Evesy board meehne ha

aset
a apend a at nust b allod. e2
apend a
h melh
11
Topit Date

SHASHAT AuWASTMI O1O1129+

04) One-fenson Company

One Person Comp amy haa laeen doined
un daA Sech sn 2(61) o1 m ompames
Act 201 as a Compány
b uidh kao ry
u, le
pR &Y member ". F 2.)
r a t rat Rules uunde a opaues t
2013 cl a v i l i e s he lerm fesson " by shahin

ha n perm a C6mtemplakes b E

Ac shouls he a nahnal peren

A necogmizes a n d skns r a Stahuo
a rivale (ompa o an ewiy hawjn
y om membe and eamo t as a Dra
lenson lompany" Hencealu n lcaal proyi
ppicale hapiaecompay anr a o

applicaole to a one e r m Ompaynles

and unh, ney on_Cnpesy e cluidud l
c
Hence, e dc_enables ewen anudiridua
eohablish a Conpay by suba ci bn his nama
oa n Mennorandum o CompaCompay and
undou
Dplyan uih h povi a 9Yegisrahisn
Act Howee, cunta itahioa &ave
eoan m posd uM vepec o na ncorpsrahon
oa na lexsn Company Ssn e n m ani

P-T.O
20

Topic ate

SMASMAT OASTuI1Ool2

Only a nahwul pern wno u on ndian.

akzen and nosident in India shall b
a )eligi ble hu ucoporale o Ona Person

Company
(b) a nomine ko Sela membe o
a One Person Compan
No Pecsen shall be eligiblo o in LorparaL
en hve ( 5 )ne ferm ConnpaAes.

eminimum paid capital hr un cerporah m

On lerSn Compay INR 1,00, s UD (On AaK.
0

*FeahuOS ene Peyon p a

ts mandakory y euey mu Lerm (smpa
o e a Leaal tdeuh o iks buine l
to buind
seecilyt
aciviies
namnami unde us d
On Carted. e ha b bL eaued
mkiemne e wodA On ferm Conpa
bracheks laalous n n an o u a cpay

he memorandum One Person CompanShu

stake Yn name h _petm r a onun2-
wih
daa o subocni be shall oatm tho
munber o h e Compa
21

Topic Date-

SuASMudAT AASTUI 140lol2

Hember shareholdaA One Pe son Compa

ack ae hirst diuectir, uni M he Compan
appoinls olireckuy (S)
OfC shall hane atleat one dunectoY ond o
maximum e (5) diunectos
OPC meed not hald annusgenero meshngs
(AGM) eNey ue 4ean

Adwonages oOne feum smpany

dimiked iabilil .Promob m Enwepre
Peapehual Succesim neurship
Hiddlemeu elninaked

9Shstcomi ng3 | DU adnantayej

Reaunemen b appont a Noune Y inuorpo
oldn On fersm onpay
NALSs o talb wed b u c p r a l e of

- Arocedural Camplexi ies