Elements of Company Law Fifth Semester
Company can be an incorporated (profit making) or unincorporated (non profit making like a club or a society) body. An incorporated company refers to a separate person distinct from the individuals constituting it. An unincorporated company such as-partnership refers to only a collection of individu
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There are many definitions of a Company by various legal experts. However, Section 2(20) of the Companies Act, 2013, defines the term ‘Company’ as follows: “Company means a company incorporated under this Act or under any previous company law.” Let us see the elements of company law in more detail.
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