Concept of legal regime of Public, Private, Government Companies and PSUs

Author: Dibya Nanda, Research Associate

A legal regime is nothing but a system of principles and rules governing something, and which is created by law. Every aspects of human life are governed by some kind of rules or regulations, be it social, political, personal or economical. Company is a very important part of economic aspects of human life. The branch of law which exclusively deals with all matters relating to companies, such as incorporation, management, allotment of shares, winding up etc., is termed as Company Law.

  1. The Indian Companies Act, 1956, Section 3 (1) (ii). []
  2. M.V. Javali v. Mahajan Borewell & Co. (1998) 91 Comp. Cas. 708 (SC); P.V. Rai v. R.L. Rinawama (1993) 77 Comp. Cas. 179 (Kar). []
  3. The Indian Companies Act, 1956, Section 82 []