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created by law.
It is a voluntary association of
individuals for profits.
According to Section 3(1)(i) of the Companies
Act, a company means, “ A company formed
and registered under this Act or an existing
company.”
▪ Incorporated Companies: These are the
association of persons who contribute money to
a common stock known as capital of the
company. They have existence independent of
its members.
▪ Unlimited ▪ Limited
Management