Regarding private limited company.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 October 2012 I am about to tranfer partnership firm to a private limited company. I am confused regarding the company law for a director,who is willing for self withdrawal, expelled by board of directors or in case of permnant disability & death.
I am from medical faculty & unable to understand legal wordings mentioned in the law books.
Can anybody explain me in easy language ?
please help me.
Can we mention the above mrntioned conditions in the memorandum of articles ?

Amol S Joglekar

Amol S Joglekar (Expert)
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04 October 2012 Partners collectively are called as FIRM. Company has a separate legal entity. It is an artificial person. We the human beings are giving birth to a new artificial baby. The baby is without any emotions and hence needs to be well care taken by the living animals(human beings) The company functions through "board of directors" Now you need to keep one eye on this artificial baby which should not be a victim of intelligent human being. At the same time the artificial baby should not play mischief with the intelligent human being. A proper balance has to be struck.

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