Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
P. 1
The Companies Act 1956 Ppt @ Bec Doms

The Companies Act 1956 Ppt @ Bec Doms

Ratings: (0)|Views: 3,806 |Likes:
The Companies Act 1956 Ppt @ Bec Doms
The Companies Act 1956 Ppt @ Bec Doms

More info:

Published by: Babasab Patil (Karrisatte) on Mar 01, 2012
Copyright:Attribution Non-commercial

Availability:

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

07/28/2013

pdf

text

original

 
The Companies Act 1956
 
COMPANY: What is it? [Sec.3]
Section 3 (1) (i) of the Act defines: ³Acompany means a company formed andregistered under this Act or an existingcompany.´
That is, a company is an
association of persons
united for a common object.
I
t is a form of 
business organization
w
herethe funds of a large number of investors aremanaged by a fe
w
persons for the purpose of earning profits
w
hich are shared by all theinvestors.
 
E
ssential Features of a Company
Registration: Compulsory
Separate legal entity: Distinct person
Perpetual succession
Artificial person: But not a Citizen
Transferable shares
Limited liability
Common seal: Separate and independent legalexistence
Separate property: Can dispose property in its name.
Capacity to sue and be sued

Activity (38)

You've already reviewed this. Edit your review.
1 hundred reads
Viraj Dhuri liked this
Neha Kapoor liked this
tejaas liked this
Vishek Vij liked this
Kamal Kannan G liked this
munibhaskar liked this
Usman Khan liked this
Venkatesh Prasad liked this

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)//-->