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Questions and Answers
What is the literal meaning of the word 'Company'?
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'?
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?
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?
What distinguishes a company as an entity?
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What is the primary defining characteristic of a company as mentioned in the text?
What is the primary defining characteristic of a company as mentioned in the text?
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