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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 



 

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Location: Patna, Bihar, India

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