what is company Act 2013? The company Act 2013 was enacted to consolidate and amend the law relating to the companies. The companies 2013 was preceded by the companies Act, 1956 Due to change in the national and international economic environment and to facilitate expansion and growth of our economy the Central government decided to replace the companies Act, 1956 with a new legislation. GROWTH OF ECONOMY What is company? According to professor Haney "A company is an incorporated association which is an artificial person created by law having a separate entity with a perpetual succession and common seal. Features of company separate legal entity perpetual succession limited liability artificial juridicial person NOTE- Article by Banti mehta as a [ICAI] INSTITUTE
Banti Mehta at Patna India! student of The Institute of Chartered Accountants of India (CA) Instagram id @aaabanti email: aaabanti000@gmail.com