Corporations Act

Major purpose of this lecture is to explain Corporations Act; in terms of business law. Corporations means a company formed and registered under this Act or an existing company. There are two types of Corporations: “private company” means a company which restricts the right to transfer its shares, if any; and prohibits any invitation to the public to subscribe for its shares or debenture, if any. Public company- means a company incorporated under this Act or under any law at any time in force before the commencement of this Act and which is not a private company.