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Questions and Answers
What is the definition of a company according to Prof. Haney?
What is the definition of a company according to Prof. Haney?
- An artificial person with limited liability and transferability of shares
- A voluntary association with a common seal and capacity to sue and be sued
- An incorporated association with a separate entity and perpetual succession (correct)
- A separate legal entity with separate property and perpetual succession
According to Section 2(20) of the Companies Act, 2013, what does 'company' mean?
According to Section 2(20) of the Companies Act, 2013, what does 'company' mean?
- An artificial person with capacity to sue and be sued
- An association with perpetual succession and limited liability
- A company with separate property and a common seal
- A company incorporated under the Companies Act, 2013 or any previous company law (correct)
What is a feature of a registered company as per the text?
What is a feature of a registered company as per the text?
- Joint stock company
- Separate legal entity (correct)
- Voluntary association
- Artificial person
What was the principle behind Indian company law according to the text?
What was the principle behind Indian company law according to the text?
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What event paved the way for the formation of companies according to the text?
What event paved the way for the formation of companies according to the text?
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