definition of company by different authors
Answers
Answer:
A company is a bodycorporate or an incorporated business organization registered under thecompanies act. It can be a limited or an unlimitedcompany, private or a public company, companylimited by guarantee or a company having a share capital, or a community interest company.
Answer:
According to Prof. L.H. Haney, “Company is an artificial person created by law having separated entity with a perpetual succession and common seal”.
According to Justice Lindley a company means association of persons who contribute in shape of money or money’s worth to a common stock and employ it for some specific purpose.
According to Justice James, “A company is an association of persons united for a common object.”
According to Lord Lindley, “By a ‘company’ is meant an association of many persons who contribute money or money’s worth to a common stock and employ it for some common purpose. The common stock so contributed is denoted in money and is the capital of the company. The persons who contribute it or to whom it belongs are members. The proportion of capital to which each partner is entitled is his share.”
According to Kimball and Kimball, “A corporation is by nature an artificial person created or authorised by the legal stature for some specific purpose.”
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