CA Inter Company Law Chapter 7 Management & Administration Handwritten Notes PDF

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We are Sharing With You CA Inter Company Law Chapter 7 Management & Administration Handwritten Notes. So kindly Check Out our website and ALL the Best for Your Upcoming Exams.


A company is composed of members, though it has its own entity
distinct from members. The members of a company are the persons
who, for the time being, constitute the company, as a corporate entity.
However, a company, being an artificial person, cannot act on its own.
It, therefore, expresses its will or takes its decisions through resolutions
passed at validly held Meetings. The primary purpose of a Meeting is
to ensure that a company gives reasonable and fair opportunity to
those entitled to participate in the Meeting to take decisions as per the
prescribed procedures.
The decision making powers of a company are vested in the
Members and the Directors and they exercise their respective powers
through Resolutions passed by them. General Meetings of the Members
provide a platform to express their will in regard to the management
of the affairs of the company.
Convening of one such meeting every year is compulsory. Holding
of more general meetings is left to the choice of the management or to
a given percentage of shareholders to exercise their power to compel
the company to convene a meeting. Shareholder Democracy, Class
Action Suits and Protection of interest of investors are the essence and
attributes of the Companies Act, 2013.
Chapter VII of the Companies Act, 2013 read with Companies
(Management and Administration) Rules, 2014 deals with the legal and
procedural aspects of management and administration of companies

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