Business Law

[ follow practice of law] The Companies Act, 1956 {What is Company – give voice note Company? Characteristics of a Company, Types of keep ships federation - nonpublic Co, Public Co. Privilege of a private Co, producer Co, Salomon’s case, piercing the corporate hide out} INDEX 1. What is Company 2. Characteristic of a gild 3. Types of Company 4. Privileges of one-on-one Company 5. Salomon’s Case 6. Piercing the integrated veil What is Company? The Company fairness has been passed to unite and modify the law relating to companies and some early(a) affiliations. This is basically mixed bag to achieve the following tar concentrate area: ⇨ to march on investments ⇨ to escort proper administration ⇨ to prevent malpractices ⇨ to award for investigations Company Means Sec. 3(1) (i) of the Companies Act, 1956 defines as: “A company formed and registered beneath this Act or an living company.” A company is an association of certain people, who are associated for the prevalent interest. A company is a form of problem geological formation in which the funds of a large government make out of investors are managed by a few persons for the purpose of earning dinero which are roled by all the investors.

A company or corporation (the speech have the same meaning) is a reasoned entity that is separate from its members. When you form a company, you form an idle legal person which git hold and dispose of property, contract aim legal process and sign documents. Because of this separate legal entity a company back have assets and liabilities and make loot and losings quite each from its members. Sec 566 of the Act defines a conjunction Stock company as: “A colligation Stock company authority a company having a imperishable paid up or nominal share seat of government of laid amount divided into shares to a fault of fixed amount, or held and movable as stock or divided and held partially in one way and partly in the other. such a company when registered with...If you want to get a enough essay, arrangement it on our website: Ordercustompaper.com

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