LMP Basic Concepts of Company & Its Structure By Dr. K R Chandratre 1st Edition January 2026

Basic Concepts of Company & Its Structure By Dr. K R Chandratre

Basic Concepts of Company & Its Structure By Dr. K R Chandratre

This book brings together my selected writings on these basic yet critical concepts, with the objective of providing conceptual clarity, doctrinal coherence, and practical guidance.

This book provides a comprehensive breakdown of corporate law, transitioning from fundamental definitions to the complexities of group structures and governance. Here is a summary of its three core sections:

​Part 1: The Foundation of Corporate Identity

​This section defines what a company is and distinguishes between its various legal forms (e.g., Public, Private, One Person, and Section 8 companies). It focuses heavily on:

• ​Legal Personality: The “corporate veil” concept and how companies differ from other entities.
• ​Operational Rights: Practical issues like a company’s power to act, asset distribution, and its liability in legal disputes (defamation and securities law).
• ​Judicial Precedent: How courts have shaped the modern understanding of corporate attributes.

​Part 2: Structure and Inter-Corporate Relations

​The second part moves beyond the individual company to examine how businesses interact and dissolve. Key themes include:

• ​Lifecycle Management: The processes for closing a company (striking off) or bringing it back to life (restoration).
• ​Complex Hierarchies: The legalities of holding and subsidiary companies, including “layers” of subsidiaries and foreign entities.
• ​Ownership vs. Control: The legal consequences of nominee shareholding and the instances where courts will “pierce the veil” to hold individuals accountable for corporate actions.

​Part 3: Constitutional Governance

​The final section addresses the “DNA” of a company—its primary governing documents.

• ​MOA & AOA: Analysis of the Memorandum of Association (external powers) and Articles of Association (internal rules).
• ​Identity and Scope: Regulations regarding the company name and how these documents define the limits of a company’s existence.
• ​Litigation: Insights into the ongoing legal debates surrounding the interpretation of these foundational documents.

About The Author

Dr. K R Chandratre is a Practising Company Secretary of about 23 years’ standing. He has been associated with the profession of Company Secretary for over 45 years. Prior to entering the profession, he served for three vears as a Lecturer in Commerce and Accountancy at R. A. Podar College of Commerce & Economics, Mumbai.