Corporate Board Meeting Compliance and Director Duties
Formal Corporate Board Meetings: Legal Requirements
A Board Meeting is the formal, legal gathering of a company’s Board of Directors to discuss, decide upon, and oversee the strategic and operational management of the company. In Company Law, the Board of Directors is the main decision-making organ of the company, and its powers are exercised through resolutions passed at duly convened and conducted Board Meetings.
What Constitutes a Board Meeting?
A Board Meeting is a fundamental component of corporate
Read MoreSecured Loans, Liens, Bankruptcy, Employment & Cyber Law
Secured Loans and Liens
- Secured Loans: Loans backed by an asset.
- Common law and statutory law: Address remedies in case of default.
- Liens: A claim against specific property to satisfy a debt.
- Mechanics liens: A security interest given to someone who provides work or improvements to a specific parcel of property.
- Judgment liens: A legal claim placed on a debtor’s property after a court issues a monetary judgment against them. It ensures the creditor gets paid if the debtor sells or refinances their
EU Customs Procedures and Tariff Regulations
EU Customs Procedures and Arrival of Goods
When goods enter or leave the EU Customs Territory (TAC), customs controls them. There are two main regimes: Internal and External. Additionally, there are four special regimes: Transit, Deposit, Special Destinations, and Improvement.
The process begins with the presentation of the goods at the customs office of entry by the person transporting them. The goods remain under customs surveillance until they are granted a customs destination.
Documentation for
Read MoreIndian Contract Law and Sale of Goods Act Provisions
This section covers the termination and enforcement aspects of contracts under the Indian Contract Act, 1872.
Termination and Enforcement of Contracts
Void Agreements Under Section 2(g)
🚫 Void Agreement (Section 2(g))
A Void Agreement is defined by Section 2(g) as:
“An agreement not enforceable by law is said to be void.”
This is distinct from a Void Contract (which was valid initially but later became void). A Void Agreement is void ab initio (from the very beginning) because it lacks one or more
Read MoreTikTok Act: National Security and Constitutional Scrutiny
National Security Assessment & Constitutional Questions Surrounding the TikTok Act
Introduction
TikTok’s American future has become a controversy exposing deep tensions between constitutional balance, free speech, & national security. Two interrelated claims organize this debate. First, there are legitimate national security reasons for changing Americans’ relationship with TikTok, & the course materials R biased toward this claim. Second, George Washington & James Madison would
Read MoreCompany Law: Prospectus, Misstatements & Director Appointments
Prospectus: Definition and Purpose
This is a comprehensive topic in Company Law. Here is a detailed breakdown of the prospectus, its contents, a statement in lieu of prospectus, its types, and the liabilities for misstatement.
📜 Prospectus: A prospectus is a formal, written document issued by a public company to the general public.
- Definition: It is an invitation to the public to subscribe for or purchase any securities (shares or debentures) of the company.
- Purpose: Its primary goal is to provide