Business Law

[ follow law] The Companies Act, 1956 {What is bon ton – interchangeable note Company? Characteristics of a Company, Types of keep ships lodge - Private Co, Public Co. Privilege of a private Co, producer Co, Salomon’s case, piercing the corporate head covering} INDEX 1. What is Company 2. Characteristic of a company 3. Types of Company 4. Privileges of Private Company 5. Salomon’s Case 6. Piercing the incorporated veil What is Company? The Company Law has been passed to unite and switch the law relating to companies and some early(a) associations. This is basically formed to achieve the future(a) objective: ⇨ to march on investments ⇨ to ensure proper governing body ⇨ to prevent malpractices ⇨ to allow for investigations Company Means Sec. 3(1) (i) of the Companies Act, 1956 defines as: “A company formed and registered under this Act or an vivacious company.” A company is an association of certain people, who are associated for the universal interest. A company is a form of problem transcription in which the funds of a large government loose of investors are managed by a few persons for the purpose of earning cultivated cabbage which are cared by all the investors.

A company or corporation (the words have the same meaning) is a wakeless entity that is separate from its members. When you form a company, you form an artificial legal person which can hold and dispose of property, leave aim legal action and sign documents. Because of this separate legal entity a company can have assets and liabilities a nd make network and losings quite separatel! y from its members. Sec 566 of the Act defines a conjunction Stock company as: “A Joint Stock company means a company having a imperishable paid up or nominal share seat of government of fixed amount divided into shares similarly of fixed amount, or held and transferable as stock or divided and held partially in one way and partially in the other. such a company when registered with...If you want to operate a enough essay, order it on our website: OrderEssay.net

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