18
Companies Act, 2013 : Types of Companies and Their Characteristics
Learning Objectives
After reading this chapter, you will be able to understand:
- Company and corporate veil
- Classes of companies under the Companies Act, 2013
- Registration and incorporation of companies
- Contracts entered at the time of incorporation
- Promoters and their duties
18.1 DEFINITION OF A COMPANY
18.1.1 Literary Meaning
Company is an association of persons formed for the purpose to achieve some common objects.
18.1.2 Legal Meaning—Section 2 (20)
Company means a company formed and registered under this act or an existing company. This act means, company registered under the Companies Act, 2013. Existing company means a company formed and registered under any of ...
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