{"id":2054,"date":"2019-07-29T06:46:50","date_gmt":"2019-07-29T06:46:50","guid":{"rendered":"https:\/\/commerceiets.com\/?p=2054"},"modified":"2019-07-29T06:46:50","modified_gmt":"2019-07-29T06:46:50","slug":"what-is-company","status":"publish","type":"post","link":"https:\/\/commerceiets.com\/what-is-company\/","title":{"rendered":"WHAT IS COMPANY"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_64 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/commerceiets.com\/what-is-company\/#WHAT_IS_COMPANY\" title=\"WHAT IS COMPANY\">WHAT IS COMPANY<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/commerceiets.com\/what-is-company\/#FEATURES_OF_COMPANY\" title=\"FEATURES OF COMPANY\">FEATURES OF COMPANY<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/commerceiets.com\/what-is-company\/#ASSOCIATION_OF_PERSONS\" title=\"ASSOCIATION OF PERSONS\">ASSOCIATION OF PERSONS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/commerceiets.com\/what-is-company\/#ARTIFICIAL_PERSON\" title=\"ARTIFICIAL PERSON\">ARTIFICIAL PERSON<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/commerceiets.com\/what-is-company\/#SEPARATE_LEGAL_ENTITY\" title=\"SEPARATE LEGAL ENTITY\">SEPARATE LEGAL ENTITY<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/commerceiets.com\/what-is-company\/#PERPETUAL_SUCCESSION\" title=\"PERPETUAL SUCCESSION\">PERPETUAL SUCCESSION<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/commerceiets.com\/what-is-company\/#TRANSFERABILITY_OF_SHARES\" title=\"TRANSFERABILITY OF SHARES\">TRANSFERABILITY OF SHARES<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/commerceiets.com\/what-is-company\/#LIMITED_LIABILITY\" title=\"LIMITED LIABILITY\">LIMITED LIABILITY<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/commerceiets.com\/what-is-company\/#COMMON_SEAL\" title=\"COMMON SEAL\">COMMON SEAL<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/commerceiets.com\/what-is-company\/#SEPARATION_OF_OWNERSHIP_AND_MANAGEMENT\" title=\"SEPARATION OF OWNERSHIP AND MANAGEMENT\">SEPARATION OF OWNERSHIP AND MANAGEMENT<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/commerceiets.com\/what-is-company\/#GOVERNING_ACT\" title=\"GOVERNING ACT\">GOVERNING ACT<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/commerceiets.com\/what-is-company\/#REGISTRATION\" title=\"REGISTRATION\">REGISTRATION<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/commerceiets.com\/what-is-company\/#PUBLICATION_OF_ACCOUNTS\" title=\"PUBLICATION OF ACCOUNTS\">PUBLICATION OF ACCOUNTS<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1 class=\"has-text-align-center wp-block-heading\" id=\"what-is-company\"><span class=\"ez-toc-section\" id=\"WHAT_IS_COMPANY\"><\/span>WHAT IS COMPANY<span class=\"ez-toc-section-end\"><\/span><\/h1>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/download-62-1.png\" alt=\"WHAT IS COMPANY\" class=\"wp-image-5217\"\/><figcaption>WHAT IS COMPANY<\/figcaption><\/figure>\n\n\n\n<p class=\"has-medium-font-size\">Joint Stock Company is an artificial person created by the law for some common purpose where the capital is&nbsp; divisible into parts known as shares with perpetual succession and common seal.<\/p>\n\n\n\n<p class=\"has-luminous-vivid-amber-background-color has-background has-medium-font-size\"><strong>ACCORDING TO PROF. HANEY<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size\">\u201cA company is an artificial person created by law, having\nseparate entity with the perpetual succession and common seal.\u201d<\/p>\n\n\n\n<p class=\"has-luminous-vivid-amber-background-color has-background has-medium-font-size\"><strong>ACCORDING TO LORD JUSTICE LINDLEY<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size\">\u201cIt is an association of persons who contribute money or\nmoney\u2019s worth to a common stock and employ it for some common purpose.\u201d<\/p>\n\n\n\n<p class=\"has-luminous-vivid-amber-background-color has-background has-medium-font-size\"><strong>ACCORDING TO SECTION 2(20) OF COMPANIES ACT, 2013<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size\">\u201cA company incorporated under this act or under any previous\ncompany law.\u201d<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Thus, the company refers to that form of business which has\nits separate legal entity from the owners and has the perpetual succession with\nthe common seal.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"features-of-company\"><span class=\"ez-toc-section\" id=\"FEATURES_OF_COMPANY\"><\/span>FEATURES OF COMPANY<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"720\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/Slide2-8.jpg\" alt=\"FEATURES OF COMPANY\" class=\"wp-image-2058\" srcset=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/Slide2-8.jpg 960w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/Slide2-8-300x225.jpg 300w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/Slide2-8-768x576.jpg 768w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><figcaption>WHAT IS COMPANY<\/figcaption><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"association-of-persons\"><span class=\"ez-toc-section\" id=\"ASSOCIATION_OF_PERSONS\"><\/span>ASSOCIATION OF PERSONS<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"has-medium-font-size\">It is an association of persons that is formed for some common purpose. The private company can be formed with minimum of 2 persons. The <a aria-label=\"public company (opens in a new tab)\" href=\"https:\/\/commerceiets.com\/public-company\/\" target=\"_blank\" rel=\"noreferrer noopener\">public company<\/a> can be formed with the minimum of 7 persons. In the case of one person company, only one member is required.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2022\/02\/images-29-1.jpg\" alt=\"\" class=\"wp-image-5218\"\/><figcaption>WHAT IS COMPANY<\/figcaption><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"artificial-person\"><span class=\"ez-toc-section\" id=\"ARTIFICIAL_PERSON\"><\/span>ARTIFICIAL PERSON<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"has-medium-font-size\">It is an artificial person in the eyes of the law which is created through the process provided in the Companies Act 2013 or any other previous Act. It is not considered as natural like human being. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"separate-legal-entity\"><span class=\"ez-toc-section\" id=\"SEPARATE_LEGAL_ENTITY\"><\/span>SEPARATE LEGAL ENTITY<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/images-10-1.png\" alt=\"WHAT IS COMPANY\" class=\"wp-image-5222\"\/><figcaption>WHAT IS COMPANY<\/figcaption><\/figure>\n\n\n\n<p class=\"has-medium-font-size\">The joint stock company has its separate legal entity from its members. It has its own existence in the eyes of the law. As a separate entity it can<\/p>\n\n\n\n<ul><li>Enter into contracts with other parties in its\nown name.<\/li><li>Sue others and be sued by others.<\/li><li>Sell or purchase property in its own name.<\/li><\/ul>\n\n\n\n<p class=\"has-medium-font-size\">The company work independently of its members. It is not\nbound by the acts of its members.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"perpetual-succession\"><span class=\"ez-toc-section\" id=\"PERPETUAL_SUCCESSION\"><\/span>PERPETUAL SUCCESSION<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"has-medium-font-size\">The company is a separate legal entity. Thus it enjoys the\nperpetual succession which means it remains unaffected by the death, insolvency\nand lunacy of the stakeholders. The company comes into the existence only by\nthe act of law and may end only by law. It is rightly said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote has-text-align-center is-layout-flow wp-block-quote-is-layout-flow\"><p><strong><em>\u201cMEMBERS MAY COME, MEMBERS MAY GO<\/em><\/strong><\/p><p><strong><em>THE COMPANY GOES ON FOREVER\u201d<\/em><\/strong><\/p><\/blockquote>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"225\" height=\"225\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/download-79.jpg\" alt=\"WHAT IS COMPANY\" class=\"wp-image-5221\" srcset=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/download-79.jpg 225w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/download-79-150x150.jpg 150w\" sizes=\"(max-width: 225px) 100vw, 225px\" \/><figcaption>WHAT IS COMPANY<\/figcaption><\/figure>\n\n\n\n<h4 class=\"has-text-align-left wp-block-heading\" id=\"transferability-of-shares\"><span class=\"ez-toc-section\" id=\"TRANSFERABILITY_OF_SHARES\"><\/span>TRANSFERABILITY OF SHARES<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"has-medium-font-size\">The members of the companies enjoy the distinct feature of Transferability of shares. Any member is free to transfer their share of interest without any permission. However, by mentioning in the Articles of Association, the companies can put some restrictions or conditions but transfer of shares cannot be stopped at all.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"limited-liability\"><span class=\"ez-toc-section\" id=\"LIMITED_LIABILITY\"><\/span>LIMITED LIABILITY<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"has-medium-font-size\">In case of companies, the liability of the members is limited upto the amount of unpaid value of shares. The companies may be:<\/p>\n\n\n\n<ul><li>Limited by guarantee<\/li><li>Limited by the shares<\/li><\/ul>\n\n\n\n<p class=\"has-medium-font-size\">In case of companies limited by guarantee, the shareholders have to pay only that amount which is guaranteed by them in the Memorandum of Association.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">In case of companies limited by shares, the liability of shareholders is only upto the amount of unpaid value of shares.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">There is also a kind of Unlimited Companies, but these are not prevalent in India. &nbsp;&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"common-seal\"><span class=\"ez-toc-section\" id=\"COMMON_SEAL\"><\/span>COMMON SEAL<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"has-medium-font-size\">A company is an artificial person. It cannot be considered as natural like human being. But the company has the right and the power to enter into the contracts. The companies can do so by having its common seal. The common seal is a stamp with the name of the company engraved on it. The seal of the company is affixed on the documents which require the approval. The two directors must witness the affixation of the seal.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">According to the Companies (Amendment) Act, 2015, the use of\nthe common seal is made optional.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"separation-of-ownership-and-management\"><span class=\"ez-toc-section\" id=\"SEPARATION_OF_OWNERSHIP_AND_MANAGEMENT\"><\/span>SEPARATION OF OWNERSHIP AND MANAGEMENT<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"225\" height=\"225\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2022\/02\/download-78.jpg\" alt=\"\" class=\"wp-image-5220\" srcset=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2022\/02\/download-78.jpg 225w, https:\/\/commerceiets.com\/wp-content\/uploads\/2022\/02\/download-78-150x150.jpg 150w\" sizes=\"(max-width: 225px) 100vw, 225px\" \/><figcaption>WHAT IS COMPANY<\/figcaption><\/figure>\n\n\n\n<p class=\"has-medium-font-size\">The ownership and management of the companies are in different hands. The shareholders are the owners of the companies. But they are scattered worldwide, that is why they appoint their representatives to manage the work of the companies. These elected representatives are known as the Board of Directors.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"governing-act\"><span class=\"ez-toc-section\" id=\"GOVERNING_ACT\"><\/span>GOVERNING ACT<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"has-medium-font-size\">The company form of business is governed under the Companies\nAct 2013 or under any previous Act.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"registration\"><span class=\"ez-toc-section\" id=\"REGISTRATION\"><\/span>REGISTRATION<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"has-medium-font-size\">The registration  is compulsory in all the cases under the Companies Act 2013. The companies must get the Certificate of Incorporation and Certificate of Commencement to start its business. &nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"publication-of-accounts\"><span class=\"ez-toc-section\" id=\"PUBLICATION_OF_ACCOUNTS\"><\/span>PUBLICATION OF ACCOUNTS<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"has-medium-font-size\">The publication of accounts for the companies is compulsory. The company has to file its annual statements with the Registrar of Companies at the end of the financial year. The annual statements are to be inspected by the Registrar. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"301\" height=\"168\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/download-61.png\" alt=\"WHAT IS COMPANY\" class=\"wp-image-5219\"\/><figcaption>WHAT IS COMPANY<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>ALSO STUDY:<\/strong><\/td><td><strong>ALSO STUDY:<\/strong><\/td><td><strong>ALSO STUDY:<\/strong><\/td><td><strong>ALSO STUDY:<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/management\/\">Management<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/objectives-of-management\/\">Objectives of management<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/functions-of-management\/\">Functions of management<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/process-of-management\/\">Process of management<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/management-is-an-art\/\">Management as an art<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/management-as-a-science\/\">Management as a science<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/management-as-profession\/\">Management as a profession<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/joint-stock-company\/\">Company<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/incentive-plans\/\">Incentive plans<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/14-principles-of-management-by-henri-fayol\/\">14 principles of management by Henry Fayol<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/principles-of-scientific-management\/\">Principles of scientific management<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/scientific-management\/\">Scientific management<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/what-is-work-study\/\">Work study<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/time-study\/\">Time study<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/motion-study\/\">Motion study<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/method-study\/\">Method study<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/planning\/\">Planning<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/importance-of-planning-in-management\/\">Importance of planning in management<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/benefits-of-planning-in-business\/\">Advantages of planning in business<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/process-of-planning\/\">Process of planning<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/types-of-planning-in-business\/\">Types of planning in business<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/setting-objectives-in-management\/\">Setting objectives in management<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/objectives\/\">Objectives<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/smart-test\/\">SMART test<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/management-by-objectives\/\">Management by objectives<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/policies-in-business\/\">Policies in Business<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/management-and-business-administration\/\">Management and business administration<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/functional-areas-of-management\/\">Functional areas of management<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/limited-liability-partnership\/\">Limited Liability partnership<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/difference-between-llp-and-company\/\">LLP Vs company<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/difference-between-llp-and-partnership\/\">LLP vs Partnership<\/a><\/td><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.linkedin.com\/in\/kajal-mahajan-7549b2197\/\" target=\"_blank\" rel=\"noreferrer noopener\">CONNECT ON LINKEDIN<\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"512\" height=\"152\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/04\/cropped-cropped-Presentation-resize-1.jpg\" alt=\"WHAT IS COMPANY\" class=\"wp-image-4836\" srcset=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/04\/cropped-cropped-Presentation-resize-1.jpg 512w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/04\/cropped-cropped-Presentation-resize-1-300x89.jpg 300w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><figcaption>WHAT IS COMPANY<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>WHAT IS COMPANY Joint Stock Company is an artificial person created by the law for some common purpose where the capital is&nbsp; divisible into parts known as shares with perpetual succession and common seal. ACCORDING TO PROF. HANEY \u201cA company is an artificial person created by law, having separate entity with the perpetual succession and&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/commerceiets.com\/what-is-company\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;WHAT IS COMPANY&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":2057,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,68,102],"tags":[],"_links":{"self":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts\/2054"}],"collection":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/comments?post=2054"}],"version-history":[{"count":0,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts\/2054\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/media\/2057"}],"wp:attachment":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/media?parent=2054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/categories?post=2054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/tags?post=2054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}