Origin of Law

Meaning of the term Company The word fraternity is derived from the Latin word (Com = with or together; panis = bread), and originally referred to an association of persons who took their meals together. The club have the most striking features of being distinct O.K. personality, perpetual succession, the easy transferability of sh ares, the peculiar(a) liability and its centralized and elected politics but is not a citizen beneath the citizenship Act, 1955 or the fundamental equity of India as also held by Honble supreme judgeship in State Trading Corporation of India Ltd. v. C.T.O . As far as the companies Act is concerned it defines the confederacy as A gild organize and registered under this Act or an lively company. An existing company means a company formed and registered under any of the former companies Acts. This comment does not notice the touchable distinctive characteristics of a company. Perhaps a assoil definition of the company is given by Lord l egal unspoilt Lindley : By a company is meant an association of many persons who booth money or moneys worth to a common stock and employ it in some make do or business, and who share the profit and loss as the manakin whitethorn be) arising there from. The common stock so contributed is denoted in money and is the capital of the company and the persons who contribute it, or to whom it belongs, are called as members. The proportion of capital to which each member is placate is his share which is always transferable although the right to transfer them is overmuch or less restricted. A company thus whitethorn be define as an incorporated association which is an motion-picture show person, having a separate legal entity, with a perpetual succession, a common seal, a common capital comprised of transferable shares and carrying express mail liability. It is called an artificial person because of its very nature that natural law only can give birth to a company and law alone can put it to an end. The main shoot for ! wherefore companies evolved is the operations and...If you want to get a practiced essay, raise it on our website: OrderCustomPaper.com

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