The company's government: the shareholders' sovereignty (the general meeting — the capital's democracy) and the board's management (the directors — the day-to-day's delegation), the officers' execution (the MD/CEO-and-secretary's world — Unit 6) — the powers' constitutional distribution in the memorandum-and-articles (the internal constitution) and the Companies Act 2063's architecture. The doctrine's anchors: the acts of management belong to the board (the meeting's residual powers: the big resolutions of Unit 2); the division's breach-cases (the meeting usurping management; the board usurping the shareholders' reserved decisions — the fundamental-changes' class). The personality's foundation — Salomon vs. A. Salomon &Co. Ltd. [1897] A.C. 22 (H.L.) (the prescribed classic): the company a separate legal person, distinct from its members — the incorporation's certificate as the legal birth; the shareholder's limited liability; the "separate person" as the whole corporate law's platform (LAW5404's opening case, deepened here: the board governs because the company — not the shareholders — is the person).
Discuss (a) Resolution by circulation
यो उत्तर युनिट १ मा छ — पूरै निःशुल्क।
यही युनिटका अरू उत्तर
- 1.1 Concept and Distribution of Corporate Powers निःशुल्क
- Explain the concept and distribution of corporate powers among the general meeting, board and officers. निःशुल्क
- Discuss the directors' duties of skill, care and diligence with the standard's evolution. निःशुल्क
- Explain the duty to promote the company's success with the Dodge vs. निःशुल्क
नोट AI-सहयोगमा बनेका हुन्; मुद्दाको नाम, मिति र धारा पाठ्यपुस्तक र नेपाल कानून पत्रिकासँग आफै जाँच्नुहोस्।