Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword or section
Like this
2Activity
0 of .
Results for:
No results containing your search query
P. 1
36211719-Company-law(2)

36211719-Company-law(2)

Ratings: (0)|Views: 4 |Likes:
Published by sachin
c law
c law

More info:

Published by: sachin on Aug 30, 2010
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PPTX, PDF, TXT or read online from Scribd
See more
See less

10/30/2011

pdf

text

original

 
Meaning and Definition of a Company 
Section 3(1)(i) of the Companies Act,1956 defines a company as: a companyformed and registered under this Act oran existing Company.
Existing Company means a companyformed and registered under any of theearlier Company Laws.
 
F
eatures
Separate legal entity;
Incorporated body ;
Artificial legal person;
Perpetual succession;
Limited liability;
Common seal;
Right to own property;
Right to sue;
Right to enter in to contracts;
F
lexibility of investment;
Separation of control from the ownership.
 
KIN 
DS OF COMPA
NIE 
S
On the Basis of INCORPORATION
Charteredcompanies
-
companies which areincorporated under a special charter grantedby the king or queen in exercise of royal power.
e.g. East India Company(1600)
S
tatutory Companies
-
which are created byspecial act of parliament or state legislature atcentral or state govt. level e.g.
Reserve Bank of India
Registered Companies
 
are companies whichare registered under the co.s act of 1956

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->