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How company Law, differs , from one country to another, can any one make me understand ? and please rate my question ?

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Question added by P A Cariappa Appaiah , back office executive , Inspire Hond
Date Posted: 2016/09/24
Bhanu Lakhanpal
by Bhanu Lakhanpal , Company secretary , Sterling oil exploration and energy production co ltd,Nigeria

There is a ministry which governs and present the bill in parliament governing Company Law, as in India there is Ministry of Law and Justice which presents the bill in Parliament and bill when receives assent of President it becomes Act, now your question how is it different from another country, the basic difference starts from constitution only and there is always a ministry under whose jurisdiction Rules and Laws are governed. simply. Laws in one country are different from another country and that is why companies sign MOU with each other in terms of cross border transaction and agreements and major point of thinking is in case of any dispute no court will allow laws of other country to enforce on them, thus every country has its own laws and rules starting from incorporation of company to its winding up. With difference in terminologies, use of abbreviations, and Shareholder, Director and Promoters right and duties, with difference of procedure of Board Meeting to Annual General Meeting. So company Law of every country is different to other in terms of governing laws and rules.

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