|
Corporate Law Courses Johannesburg
SA
Corporate law (also "company" or "corporations" law) is the law of
the most dominant kind of business enterprise in the modern world.
Corporate law is the study of how shareholders, directors,
employees, creditors, and other stakeholders such as consumers, the
community and the environment interact with one another under the
internal rules of the firm. A major contributor to company law in
the UK is the Companies Act 2006.
Corporate law is a part of a broader companies law (or law of
business associations). Other types of business associations can
include partnerships (in the UK governed by the Partnership Act
1890), or trusts (like a pension fund) or companies limited by
guarantee (like some universities or charities).
|
Corporate law is about big
business, which has separate legal personality, with limited
liability or unlimited liability for its members or
shareholders, who buy and sell their stocks depending on the
performance of the board of directors. It deals with the
firms that are incorporated or registered under the
corporate or company law of a sovereign state or their sub
national states.
The four defining
characteristics of the modern corporation are:
Separate Legal Personality of the corporation (the
right to sue and be sued in its own name i.e. the law treats
the company as a human being)
Limited Liability of the shareholders (so that when
the company is insolvent, they only owe the money that they
subscribed for in shares)
Shares (usually on a stock exchange, such as the
Johannesburg Stock Exchange, New York Stock Exchange or
Euronext in Paris)
Delegated Management, in other words, control of the
company placed in the hands of a board of directors.
|
|
contract
law courses
property
law courses
|
|
