Company

[gurpreetsingh]

According to the companies act 1956, company means a company formed and registered under this act or an existing company formed and registered under any of pervious companies laws.
According to Lord Justice Lindley” A company is an association of many persons who contributes money or money’s worth to a common stock and employed in some trade or business and who share the profits and losses arising there from. The common stock so contributed to it or to whom it pertain are members.
Thus it may be said a company is a voluntary association of persons formed and registered under the present companies act or any other previous company laws
Characteristics of company
1- Limited Liability
2- Perpetual Succession
3- Separate Legal Identity
4- Common Seal
5- Artificial Person
6- Transferability of shares

 

[jitenmazee]

According to the companies act 1956, company means a company formed and registered under this act or an existing company formed and registered under any of pervious companies laws.
According to Lord Justice Lindley” A company is an association of many persons who contributes money or money’s worth to a common stock and employed in some trade or business and who share the profits and losses arising there from. The common stock so contributed to it or to whom it pertain are members.
Thus it may be said a company is a voluntary association of persons formed and registered under the present companies act or any other previous company laws
Characteristics of company
1- Limited Liability
2- Perpetual Succession
3- Separate Legal Identity
4- Common Seal
5- Artificial Person
6- Transferability of shares

Hey gurpreet, thanks for letting us know about the company act and its features. Well i am also uploading a presentation with images to explain the same in more detail.

 

[jitendra05]

According to the companies act 1956, company means a company formed and registered under this act or an existing company formed and registered under any of pervious companies laws.
According to Lord Justice Lindley” A company is an association of many persons who contributes money or money’s worth to a common stock and employed in some trade or business and who share the profits and losses arising there from. The common stock so contributed to it or to whom it pertain are members.
Thus it may be said a company is a voluntary association of persons formed and registered under the present companies act or any other previous company laws
Characteristics of company
1- Limited Liability
2- Perpetual Succession
3- Separate Legal Identity
4- Common Seal
5- Artificial Person
6- Transferability of shares

Hey gurpreet, thanks for sharing such a nice information on the formation of company act as it was enacted in 1956. Well, i gave also got detailed information on the company act and would like to share it with you so that more and more people can take the benefit from this thread.