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like any juristic person, a company is a legal entity, apart from it's members? Capable of rights and duties of its own. Elucidate this statement.

  Certainly, the concept of a company as a juristic person, also known as a legal person or legal entity, is a fundamental principle in corporate law. It means that a company is treated as a distinct entity separate from its individual members (shareholders or owners). This principle has several key implications: 1. Separate Legal Existence: A company, once incorporated, is recognized as having its own separate legal existence. It can enter into contracts, own property, sue and be sued, and engage in various legal activities in its own name. This is distinct from the individuals who own or manage the company. 2. Limited Liability: One of the primary advantages of forming a company, especially a corporation, is the concept of limited liability. Shareholders are generally not personally liable for the company's debts and legal obligations. The company itself is responsible for its own debts, which helps protect the personal assets of its members. 3. Rights and Duties: Just like...
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like any juristic person, a company is a legal entity, apart from it's members? Capable of rights and duties of its own. Elucidate this statement.

  Certainly, the concept of a company as a juristic person, also known as a legal person or legal entity, is a fundamental principle in corporate law. It means that a company is treated as a distinct entity separate from its individual members (shareholders or owners). This principle has several key implications: 1. Separate Legal Existence: A company, once incorporated, is recognized as having its own separate legal existence. It can enter into contracts, own property, sue and be sued, and engage in various legal activities in its own name. This is distinct from the individuals who own or manage the company. 2. Limited Liability: One of the primary advantages of forming a company, especially a corporation, is the concept of limited liability. Shareholders are generally not personally liable for the company's debts and legal obligations. The company itself is responsible for its own debts, which helps protect the personal assets of its members. 3. Rights and Duties: Just like...
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Case Summary: D.K. Basu vs. State of West Bengal

 The DK Basu v. State of West Bengal case is a landmark judgment by the Supreme Court of India that deals with the issue of custodial torture and the rights of arrested persons. The case is named after Dr. D.K. Basu, a renowned physician and human rights activist, who filed a public interest litigation (PIL) seeking guidelines to prevent custodial violence and protect the fundamental rights of individuals in police custody. Here's a summary of the DK Basu v. State of West Bengal case: Background: In 1986, Dr. D.K. Basu filed a PIL in the Supreme Court of India, highlighting the rampant incidents of custodial violence and torture by the police in India. The petition sought to address the violation of fundamental rights guaranteed under Articles 21 (Right to Life and Personal Liberty) and 22 (Protection against Arrest and Detention) of the Indian Constitution. Key Arguments: 1. Dr. Basu argued that custodial violence and torture were prevalent in India and that it violated the fundam...
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Testamentary Succession in Hindu Succession Act 1956 with 2005 amendment.

30 Testamentary succession . —  6  [***] Any Hindu may dispose of by will or other testamentary disposition any property, which is capable of being so  7  [disposed of by him or by her], in accordance with the provisions of the Indian Succession Act, 1925 (39 of 1925), or any other law for the time being in force and applicable to Hindus.  Explanation.— The interest of a male Hindu in a Mitakshara coparcenary property or the interest of a member of a tarwad, tavazhi, illom, kutumba or kavaru in the property of the tarwad, tavazhi, illom, kutumba or kavaru shall notwithstanding anything contained in this Act or in any other law for the time being in force, be deemed to be property capable of being disposed of by him or by her within the meaning of this  8  [section.]  9  [***] Testamentary disposition of property was never appreciated or allowed by any personal law because every personal law tent to safe guard it's property the only exception ...
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