Liquidation is the process of closing a company and converting its assets into cash to pay off its debts. If there is any money left after paying the debts, it is distributed to the shareholders. Liquidation can occur due to the company’s inability to continue its business or when shareholders voluntarily decide to close it. … Read more
A public limited company is a type of company that can raise funds by issuing shares to the general public. It operates under certain legal requirements and is governed by the provisions of the Company Act 2063 of Nepal. Public limited companies usually have the following features: 1. Separate Legal Entity: The company is treated … Read more
A general meeting is a formal gathering of the shareholders or members of a company. It is held to discuss important matters about the company and to make key decisions. The meeting allows shareholders to stay informed, share their opinions, and vote on important issues. It is an important part of managing a company and … Read more
A Contract of Agency is an agreement where one person, called the agent, is legally authorized to act on behalf of another person, called the principal, to deal with third parties. The agent represents the principal and works to fulfill their instructions. The principal is responsible for the actions taken by the agent within the … Read more
A contract of sale of goods is a legal agreement where a seller transfers or agrees to transfer goods to a buyer for money, called the price. It is commonly used in business and trade to ensure fair and clear transactions. Laws like the Sale of Goods Act, 1930 govern such contracts and protect the … Read more
Business law is a section of code that is involved in protecting liberties and rights, maintaining orders, resolving disputes, and establishing standards for the business concerns in their dealings with government agencies and individuals. It also regulates the transactions and relations for business organizations. Similarly, it defines the responsibility of the business concerns to know … Read more
Corporate governance is the system that defines how a company is managed and controlled. It involves rules and practices that ensure a company is run in a fair, responsible, and transparent way, keeping the interests of everyone involved in mind like the owners (shareholders), employees, customers, and the community. Good corporate governance helps a company … Read more
Corporate Governance is a system that helps run a company in a fair, transparent, and responsible way. It ensures that the company is managed in the best interests of everyone involved, such as shareholders, employees, customers, suppliers, and the community. Good corporate governance includes rules and practices to make sure the company operates ethically, follows … Read more
Corporate governance is about how companies are managed and controlled. It ensures that companies are run in a way that is fair, transparent, and accountable to everyone involved, including shareholders, employees, customers, and the community. Several theories explain how corporate governance works: 1. Agency Theory This theory explains the relationship between owners (shareholders) and managers. … Read more
Stakeholders are people or groups who are connected to a business and can influence or be affected by its actions. They are essential for the success of any business. Stakeholders can be divided into three types: internal stakeholders, external stakeholders, and strategic stakeholders. Internal stakeholders are people who work within the business, like employees, managers, … Read more