It defines a company as a separate legal entity (much like a natural person) with its own rights and obligations. It also sets out the roles and responsibilities of companies, their directors, and secretaries. Justice Deshmukh took over charge as Chairman, Company Law Board on 27th November, 2009. Justice Deshmukh belongs to the illustrious family of Late Barrister Shri Yadaorao Deshmukh (Grandfather) read more... Why Do We Need Company Law? When we think of a company, we think of business. Business is nothing but a systemized series of transactions. There needn’t be a specific law that tells people how to get together and carry out transactions. Even if we needed a law to bind us to our word […] ―associate company‖, in relation to another company, means a company in which that other company has a significant influence, but which is not a subsidiary company of the company having such influence and includes a joint venture company.
