COMPANY LAW

A company is a “legal person” or “legal entity” separate from, and capable of surviving beyond the lives of its members.

INTRODUCTION

Company is an artificial person created by law.

A company is an artificial legal person created and designed by the Law.

The company, just like a natural person possesses a similar rights and owes similar obligations but neither a brain/mind nor a physical body of it’s own.

An organization of individuals conducting a commercial or industrial enterprise. A corporation, partnership, association, or joint stock company.


MEANING

A company is a legal entity formed by a group of individuals to engage in and operate a business commercial or industrial enterprise.

A company is a corporate body and a legal person having status and personality distinct and separate from the members constituting it.

A company is a type of business. The company is essentially an artificial entity created for the purpose of conducting business.


TYPES OF COMPANIES

Registered Companies, Companies limited by shares, Companies limited by guarantee, Unlimited Liability Companies, Public Company, One Person Company , Foreign company, Statutory Companies, Private company, Indian Company, Government Company, Small company, Subsidiary Company, Holding Company, Associate Company, Producer Company and Dormant company.

A company, being an artificial juridical person, does not die a natural death. Company is created by law and terminated by means winding up. The winding up or liquidation of a company is a process to bring about an end to the life of a company or we can say Company is no more/ died. 




Comments

  1. Sudesh KumarJuly 24, 2020 at 9:40 AM

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    ReplyDelete
  2. Sudesh KumarJuly 24, 2020 at 10:34 AM

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  4. Sudesh KumarJuly 27, 2020 at 10:54 AM

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