supplementary notes_company law
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SupplementaryNotesCompanyLaw ForDecember,2012Exam
11
KKUUMMAARR
LLAAWCCLLAASSSSEESS
**CCSSKKUUMMAARRCCHHAANNDD
RRAAMMOOHHAANN**CCSSPPUUJJAAMM
OOHHAANN**
((SS
ppeecciiaalliisseeddiinnCCAA,,CCSS,,CCWW
AACCooaacchhiinnggFFoouunnddaattiioonn//EExxeeccuuttiivvee))
RReeaallSSttuuddyyCCeennttrree,,114488//1144,,NN..SS..CC..BBoossee
RRooaadd,,NNeeaarrTToollllyygguunnggeeMMeettrrooSSttaattiioonn,,KKoollkkaattaa
4400..
CCoonnttaa
ccttNNoo..99333311996633883355,,99223399552211112288,,99443333335522992266..
Theword'LLP'wouldformpartofitsname. The word'ProducerCompanyLimited'wouldformpartofitsname.
Trust
Bailment
Atrusteebecomestheownerofthetrustproperty. Baileedoesnotbecometheownerofthebailedproperty.
Theobligationoftrusteeisequitable. Theobligationofbaileeis legal
Atrustcanbecreatedbothinrespectofmovablepropertyaswellas
immovableproperty.
Abailmentmaybeonlyinrespectofmovableproperty
Inatrust,generallypropertydoesn'tcomebacktotheauthor. Inabailment,generallypropertycomes backtothebailer
Agency Trust
Anagenthasnotitletotheproperty. Atrusteeisthefullownerofthetrustproperty.
An
agent
acts
on
behalf
of
the
principal. A
trustee
acts
in
his
own
right.Anagentisnotpersonallyliable,ifheactsonbehalfoftheprinciple. Ontheotherhand,atrusteeispersonallyliable.
KKUUMMAARRLLAAWWCCLLAASSSSEESS(Real
Study
Centre,
148/
14,
N.S.C.
Bose
Road,
Near
Tollygunge
Metro
Station,
Kolkata
700
040.)
CCoonnttaaccttNNoo..::99333311996633883355,,99223399552211112288,,99443333335522992266..
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