Company Definition and Origin
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Questions and Answers

What is the literal meaning of the word 'Company'?

  • A group of individuals sharing meals together (correct)
  • A gathering of people with a common purpose
  • A legal entity formed for business purposes
  • An organization with perpetual succession
  • How has Halsbury's Laws of England defined a 'company'?

  • An organization with the status of a citizen
  • A group of individuals with perpetual succession
  • A legal entity formed for business purposes
  • A collection of individuals united under a special denomination (correct)
  • According to the Supreme Court of India, can a company have the status of a citizen under the Constitution of India?

  • It depends on the nature of the company
  • No, it cannot have the status of a citizen (correct)
  • Yes, it can have the status of a citizen
  • The status of a citizen is not addressed by the Constitution
  • What distinguishes a company as an entity?

    <p>Exercising political rights extensively</p> Signup and view all the answers

    What is the primary defining characteristic of a company as mentioned in the text?

    <p>Incorporated as a separate legal entity</p> Signup and view all the answers

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