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TYPES OF BUSINESS MEANING OF BUSINESS Business can be defined as an economic activity under taken for the production of goods and services with the aim of satisfying the human wants. The etymology of “business” relates to the state of being busy either as an individual or society, as a whole, doing commercially viable and profitable work….
FEATURES OF COMPANIES UNDER COMPANIES ACT 2013: Statutory body, voluntary association, minimum and maximum number of members, perpetual succession, common seal, registration, transferability of shares etc. Company is an artificial person created by the law for some common purpose where the capital is divisible into parts known as shares with perpetual succession and common seal. ACCORDING…
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COMPANY AND ITS FEATURES NOTES: Characteristics of Company, Lifting up of corporate veil Question: Define a company and explain its special characteristics? Company is an artificial person created by the law for some common purpose where the capital is divisible into parts known as shares with perpetual succession and common seal. ACCORDING TO PROF. HANEY “A…
Before understanding the Difference between Public and Private Company, we should understand the both concepts. PUBLIC COMPANY Public Company is the company which can be incorporated with zero paid up capital as per the Companies Act (Amendment), 2015.This is the company which can start its business with minimum 7 members. Public company has to get…
MEANING Private Company is the company which can be incorporated with zero paid up capital as per the Companies Act (Amendment), 2015. This is the company which can start its business with minimum 2 members. It has to get registered with the Registrar of companies and required to obtain the Certificate of Incorporation to start…
PUBLIC COMPANY Public Company is the company which can be incorporated with zero paid up capital as per the Companies Act (Amendment), 2015.This is the company which can start its business with minimum 7 members. It has to get registered with the Registrar of companies and required to obtain the Certificate of Incorporation and Certificate…
TYPES OF COMPANIES Company is an artificial person created by the law for some common purpose where the capital is divisible into parts known as shares with perpetual succession and common seal. The various types of companies are as follows: ON THE BASIS OF FORMATION On the basis of formation, the companies are of following…
