Category Archives: COMPANY LAW

CHARACTERISTICS OF COMPANY The main highlights of the company are as follows CHARACTERISTICS OF COMPANY 1. Separate legal entity After amalgamation the company acquires a separate personality from its shareholders. He is treated as an artificial personality. It can do all the things that an ordinary person can do, like making contracts, doing business in its own name, opening a bank account, and filing suits or contesting cases against the company. ALSO CHECK THIS – STUDY FACTS AND INFO Even if some members of the company hold all the shares of […]

Definition of company According to Section 2(20) of the Companies Act 2013, “Company means a company incorporated under this Act or any previous company law.” A limited company can be of the following two types: DEFINITION OF COMPANY LAW ALSO CHECK THIS – कानून की जानकारी (LAW INFO) PREAMBLE OF THE CONSITITUTION (I) is limited by guarantee (II) Limited by degrees. The word “company” is derived from the Latin words cum and penis, meaning together and bread, respectively. Initially the word ‘company’ meant a group of people who had gathered for […]