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Q. What is phoenix-like activities?
Phoenix activity and phoenix-like activities
Many activities are referred to as "phoenixing" which do display phoenix-like characteristics, in that debts are avoided; however they do not directly fit the definition of phoenixing. These behaviours are sometimes referred to as false designation, sham contracting and misrepresentation.
State in brief about the term - Reputations Reputations can be defined as the actions an agent and expected to take. If he takes it up, he establishes his reputation or otherwi
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Fraudulent concealment of a book: Hence it is nothing to him where dividends are properly or improperly declared, and provided he discharges his own duty to the shareholders.
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