Section 3(1) of the Companies Act 1956 defines :
" A Company means a Company formed and registered under the Companies Act 196 and it includes an existing company".
Some other definitions for company are:
" A Company means a Company formed and registered under the Companies Act 196 and it includes an existing company".
Some other definitions for company are:
- A Company is legally an entitled apart from its members, capable of rights and duties of its own and endowed with the potential of perpetual succession.
- A Company is a combination of political, social, economic and legal institution.
- A Company is a Legal person or legal entity separate from and capable of surviving beyond the lives of its members. ( famous case of SOLOMON v. SOLOMON & Co.)
- It is an artificial person created by the process of Law.
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