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Supplementary Notes – Company Law For December, 2012 Exam
11
K K U U M M A A R R
L L A A W C C L L A A S S S S E E S S
* * C C S S K K U U M M A A R R C C H H A A N N D D
R R A A M M O O H H A A N N * * C C S S P P U U J J A A M M
O O H H A A N N * *
( ( S S
p p e e c c i i a a l l i i s s e e d d i i n n C C A A , , C C S S , , C C W W
A A C C o o a a c c h h i i n n g g – – F F o o u u n n d d a a t t i i o o n n / / E E x x e e c c u u t t i i v v e e ) )
R R e e a a l l S S t t u u d d y y C C e e n n t t r r e e , , 1 1 4 4 8 8 / / 1 1 4 4 , , N N . . S S . . C C . . B B o o s s e e
R R o o a a d d , , N N e e a a r r T T o o l l l l y y g g u u n n g g e e M M e e t t r r o o S S t t a a t t i i o o n n , , K K o o l l k k a a t t a a – –
4 4 0 0 . .
C C o o n n t t a a
c c t t N N o o . . 9 9 3 3 3 3 1 1 9 9 6 6 3 3 8 8 3 3 5 5 , , 9 9 2 2 3 3 9 9 5 5 2 2 1 1 1 1 2 2 8 8 , , 9 9 4 4 3 3 3 3 3 3 5 5 2 2 9 9 2 2 6 6 . .
The word 'LLP' would form part of its name. The word 'Producer Company Limited' would form part of its name.
Trust
Bailment
A trustee becomes the owner of the trust property. Bailee does not become the owner of the bailed property.
The obligation of trustee is equitable. The obligation of bailee is legal
A trust can be created both in respect of movable property as well as
immovable property.
A bailment may be only in respect of movable property
In a trust, generally property doesn't come back to the author. In a bailment, generally property comes back to the bailer
Agency Trust
An agent has no title to the property. A trustee is the full owner of the trust property.
An
agent
acts
on
behalf
of
the
principal. A
trustee
acts
in
his
own
right.An agent is not personally liable, if he acts on behalf of the principle. On the other hand, a trustee is personally liable.
KKUUMMAARR LLAAWW CCLLAASSSSEESS (Real
Study
Centre,
148/
14,
N.S.C.
Bose
Road,
Near
Tollygunge
Metro
Station,
Kolkata
–
700
040.)
CCoonnttaacctt NNoo..:: 99333311996633883355,, 99223399552211112288,, 99443333335522992266..
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