The Companies Act, 2013

Definition of a company
• Sec 2(20) defines : Company is
• an artificial person created by law,
• having a separate legal entity,
• with perpetual succession
• and a common seal. (Prof Haney)
• Justice Lindley as an association of persons who
contribute money or money’s worth to a common
stock employed in some trade or business and who
share the profit and loss arising therefrom.