Chapter- 1
Company Law
Nature of Company
Meaning: The word ‘Company’ is very much in use. Generally it means a group of people or organization of people for a particular purpose.
The world ‘Company’ is derived from the combination of two Latin words such as COM & PANIS.
Broadly speaking company connotes the idea, a member may transfer his interest in the association without the consent of other members. Such association have perpetual succession and common seal…….
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