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Companies Act 1956

Companies Act 1956

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Published by: $!v@ on Oct 25, 2009
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01/29/2013

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Companies Act 1956
 
Company
 
A voluntary incorporatedassociation which is an artificialperson, created by law with limitedliability having common seal andperpetual succession
 
Characteristics of Company
Registration
Distinct person- separate legal entity
Perpetual succession
Artificial person but not a citizen
 Transferable shares
Limited liability
Common seal
Separate property
Capacity to sue and to be sued

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