Companies Act 1956 - Intro
Companies Act 1956 - Intro
Companies Act 1956 - Intro
Separa
Format
te legal Limite Transfe Perpet
ion of
Entity Artifici d rability ual Commo
the capacit
or al liabilit of success n seal
compa y to sue
Existen y shares ion
ny
ce
Advantages
Huge
Limited
financial
liability
resources
Economi
es of Transferab
large ility of
scale shares
business
Profession
Continuo
al
us
manageme
existence
nt
Protectio
n of
Investors
Disadvantages
Difficult Lack of
formation secrecy
Separation of Irregularities
control from and
ownership manipulation
Doctrine of lifting the corporate veil
Under Express
Under judicial interpretation
Statutory provisions