Varanasi is a city in the northern Indian state of Uttar Pradesh dating to the 11th century B.C. Regarded as the spiritual capital of India, the city draws Hindu pilgrims who bathe in the Ganges River’s sacred waters and perform funeral rites. Along the city’s winding streets are some 2,000 temples, including Kashi Vishwanath, the “Golden Temple,” dedicated to the Hindu god Shiva.
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What is Corporate Law?
Corporate law (also known as business law, company law or enterprise law) is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. The term refers to the legal practice of law relating to corporations, or to the theory of corporations. Corporate law often describes the law relating to matters which derive directly from the life-cycle of a corporation. It thus encompasses the formation, funding, governance, and death of a corporation.
While the minute nature of corporate governance as personified by share ownership, capital market, and business culture rules differ, similar legal characteristics and legal problems exist across many jurisdictions. Corporate law regulates how corporations, investors, shareholders, directors, employees, creditors, and other stakeholders such as consumers, the community, and the environment interact with one another. Whilst the term company or business law is colloquially used interchangeably with corporate law, the term business law mostly refers to wider concepts of commercial law, that is the law relating to commercial and business related purposes and activities. In some cases, this may include matters relating to corporate governance or financial law. When used as a substitute for corporate law, business law means the law relating to the business corporation (or business enterprises), including such activity as raising capital, company formation, and registration with the government.
Do legal advisors attend court?
The responsibility of the advisor is to draft and negotiate contracts, ensure compliance with corporate laws and provide counsel for employee and management conflicts. They sometimes have to represent their clients in the national court, arbitration commissions or international tribunals.
Can a lawyer incorporate a company?
Any person can incorporate a company, however, there are many benefits in utilizing a lawyer to help incorporate a company for you. We have outlined the necessary requirements that it will take to incorporate a business and how a lawyer can assist.
What is the importance of Corporate Law?
Corporate law is a study of legal and external affair matters, Merger and Acquisitions (M&A) and how shareholders, stakeholders, consumers and other parties involved in transaction interact with each other internally through corporate governance and externally through commercial transaction.
Corporate lawyers could represent a corporation, a partnership association and advise them of their legal rights and duties. Corporate lawyers could be working for a medium or a large law firm or a regulatory body like SEBI, IRDAI or RBI.
Practicing Corporate Law
Compliance: One of the branches of corporate law is Compliance. The lawyers who specialize in this field ensure that there is compliance of rules by the corporation. The lawyers can act as:
- i. In-house Lawyer: They are hired by the corporation’s law department to take care of matters relating to employment, policies, taxes and regulatory matters.
- ii. Counselling of publicly and privately held companies: The corporate lawyer’s assists the corporation in matters related to issuance of securities, advice on litigation matters and tax matters.
- iii. Corporate litigation: When a business is involved in litigation, it becomes corporate litigation. The corporate lawyers who practice in this field take measures to avoid litigation and also manage business disputes with another business.
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