How different is Corporate law in Neatherlands and UK compared to India\’s!!
Netherland\’s legal system is based on Civil laws unlike ours which is based of the English Common Laws. Though the principles of corporate law for both the systems are same, yet the entities which can be incorporated and their procedure varies. As we are aware that their incorporation is done by a notaries. A BV is a private company and an NV is a Public company. For the NV you would need to take permission from minister of justice, before incorporation. The board meetings can take place every day depending on the articles, but the AGMs have to take place every year esp. for the approval of the Financial statements. There are no ROCs, but Chamber of Commerce (COCs) which maitains all records. They also have Foundations (Stichtings and STAKs) and Limited Partnerships (CVs, VoFs, etc.), which are a bit different a concept for Indian Lawyers. Still I have found that Indian corporate/Company Law is very traditional and needs to change its way of working ..which is the need of the hour today, though our Indian corporate law and most of the law is based on English Law..it has somehow not been able to amend and shoulder the fast growing Legal scenario compared globally. Its the end of 2009 and ROC/MCA is still thinking about E-stamping, whereas in UK the incorporation itself is done online..and then we say our Legal system is based on English Law.
- By Sunayana Puri, Attorney
Tags: Corporate Law
November 24th, 2009 at 12:40 am
I don’t have any idea, but got information through your blog thanks
January 1st, 2010 at 2:35 am
Happy New Years Everyone! I love this site.
January 11th, 2010 at 5:42 am
Hi Everyone!
Thankyou guys for the comments , hoping you would find this site interesting in future aswell, keep visiting the site for new and interesting blogs on Corporate,Patent,trademarks laws ,litigation etc.
Best Regards
Sunayana & the entire Jotwani team.