A company is a voluntary association of persons formed for some common purpose, with capital divisible into parts, known as shares, and with limited liability. It is a creation of law and is sometimes known as an artificial person with a perpetual succession and a common seal.

Characteristics of a Company are as follows :

1.Separate legal entity: 


              A company is regarded as an entity separate from its members. The member of the company is in no way debarred from entering into contracts with the company .a member of the company cannot be held liable for the acts of the company even if he holds virtually the entire share capital. The company and not to the shareholders (although the shareholders own the company )

2. Limited liability.

              A company may be a company limited by shares or a company limited by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of the shares. In a company limited by guarantee, the liability of members is limited to such amount as the members may undertake to contribute the assets of the company, in the event of its being wound up.

3.Perpetual succession and a common seal:

           A company is a juristic person with a perpetual succession and a common seal. Its life does not depend on the life of its members. It is created by a process of law and can be put an end to only by a process of law.it continue to exist even if all its human members are dead .if during the war all the members of a company, while in general meeting, are killed by a bomb, the company would survive; not even a hydrogen bomb can destroy it
                             
            Since a company has no physical existence, it must act through its agents and all such contracts entered into by its agents must be under seal of the company
3. Transferability of shares.  The capital of a company is divided into parts, called shares. These shares are, subject to the certain condition, freely transferable .sec 82 enunciates this principle by providing “that the shares or other interest of any member shall be movable property transferable in the manner provided for in the articles of the company”.

4. Separate property.

             A company as already observed, is a legal person distinct from its members, it is, therefore, capable of owning, enjoying and disposing of property in its own name .although the capital and assets of the company are contributed by its shareholder ,they are not the private and joint owners of the property of the company .the company is  the real person in which all its property is vested ,and by which it is controlled ,managed and disposed of


5. Capacity of sue:

             a company can sue and be sued in the corporate name




8 comments:

  1. Batbird.in is a proficient full-service web design company. Batbird specializes in web design and development, but it also places a lot of primacy on marketing web sites and businesses. That's because the company knows that having a great website isn't adequate. You have to be able to market that web site so that Internet users can find you. That's why Batbird doesn't just create a good-looking web site and then wash their hands of it. The company works with you to make sure that the websites get outstanding results - your company deserves no less.


    Batbird design unique, search engine optimized, and easy-to-use websites perfected to the last detail. Professional, powerful, and fully-functional - everything you need for your website as easy as 1-2-3.You understand your customers better than anyone. Batbird knows that, and it can help you turn that knowledge into results. The company will help you refine an online brand experience that showcases the power of your business.

    Expand your business online and boost your results with Batbird's affordable website design service. Stay on budget and let your new one-of-a-kind website start working for you.
    More than just web page design - Batbird.in build long-lasting website design development partnership to help their clients grow their business. The company takes care of your website, so you can focus on what you do best - your business.
    Batbird's team of creative web designers and developers seeks to understand the requirement completely, first; so that all that is expected, can be delivered with 100% client satisfaction.

    Batbird's custom website designing services are created, keeping your business goals in mind. The company combines specialized expertise and intelligent instincts to create unique and tremendous solutions for your business.

    Batbird.in understand that websites make businesses, the entire business may rely upon websites, so it is essential to learn about business requirements and goals first and then plan about the website. We are a website design agency, that is concentrated on business goals and the customer’s psyche.

    ReplyDelete
  2. Batbird.in is a proficient full-service web design company. Batbird specializes in web design and development, but it also places a lot of primacy on marketing web sites and businesses. That's because the company knows that having a great website isn't adequate. You have to be able to market that web site so that Internet users can find you. That's why Batbird doesn't just create a good-looking web site and then wash their hands of it. The company works with you to make sure that the websites get outstanding results - your company deserves no less.


    Batbird design unique, search engine optimized, and easy-to-use websites perfected to the last detail. Professional, powerful, and fully-functional - everything you need for your website as easy as 1-2-3.You understand your customers better than anyone. Batbird knows that, and it can help you turn that knowledge into results. The company will help you refine an online brand experience that showcases the power of your business.

    Expand your business online and boost your results with Batbird's affordable website design service. Stay on budget and let your new one-of-a-kind website start working for you.
    More than just web page design - Batbird.in build long-lasting website design development partnership to help their clients grow their business. The company takes care of your website, so you can focus on what you do best - your business.
    Batbird's team of creative web designers and developers seeks to understand the requirement completely, first; so that all that is expected, can be delivered with 100% client satisfaction.

    Batbird's custom website designing services are created, keeping your business goals in mind. The company combines specialized expertise and intelligent instincts to create unique and tremendous solutions for your business.

    Batbird.in understand that websites make businesses, the entire business may rely upon websites, so it is essential to learn about business requirements and goals first and then plan about the website. We are a website design agency, that is concentrated on business goals and the customer’s psyche.

    ReplyDelete
  3. Dime app Sports is a sports technology company with brands such as Dime app, FanCode, Dime appX, Dime appSetGo and Dime appPay in its portfolio. Dime app Sports is executing its vision of ‘Make Sports Better’ by providing multiple avenues for fans to deeply engage with the sports they love through fantasy sports, content, commerce, experiences and events, among others.Dime app provides a fantasy gaming platform for multiple sports such as cricket, football, basketball, kabaddi, hockey, volleyball, handball and baseball. It is an online game where users create a virtual team of real-life players and earn points based on the performances of these players in real matches.
    Cricket, as a sport, is worshipped in our country. 2020 was a trying time for everyone and sports had come to a halt for almost 4 to 5 months. The Indian Premier League (dimeapp.in ) 2020 came as a much-needed welcome change for Indian sports fans. Fans celebrated the magnanimity of dimeapp.in and also increased their engagement with the matches by participating in Dime app fantasy sports contests, which amplified the thrill and excitement of the tournament. As much fun as dimeapp.in is for the fans it is even more exhilarating for Dime app to provide a great sports engagement platform for Indian fans.

    However, this is no cakewalk. dimeapp.in is a challenging period for the Tech team at Dime app, where we roll out new and unique features every year. We try out different experiments to analyse the users’ adoption of those features, carve out new services based on the load and performances of the services we get on existing systems and derive the roadmap for upcoming big sporting events like dimeapp.in .

    User satisfaction has always been our primary goal. We are extremely committed to providing varied user-centric experiences that would make our app stand out. Thus, it is of the utmost importance for us to undertake the mammoth task of rolling out multiple new features on a weekly basis during the dimeapp.in season. While it may sound like a simple task, in actuality this turns out to be one of the biggest challenges for the entire team as even a minor change without proper release planning would end up impacting the user experience.
    dimeapp.in witnesses huge fan following, so it is a defining event for us at Dime app. During Dime app dimeapp.in 2020, we served an enormous amount of traffic. With more than 5.5 million concurrent users enjoying the fantasy sports experience, some of the services get more than 80 million requests per minute. The ultimate challenge is to provide our users with a seamless experience even at such a huge scale.
    Preparing the Dime app platform to scale for this event needed a herculean effort. The major challenges we had to overcome

    ReplyDelete
  4. About android application developement batbird INC
    Hello!
    Are you looking for Professional & Premium UI & UX DESIGN for your mobile app? Then you're in the right place.
    we are professional UI/UX designer. we have more than 3+ years of experience in the field of UI/UX design.
    We have completed 200+ mobile app design locally as well as globally.
    What you'll get:
    - Developement of android apps in JAVA/react native/flutter/kodular
    - Pixel perfect UI
    - Developer & User-friendly
    - Editable XD files with Source Files
    - Unlimited revisions until your satisfaction
    - Money-Back Guarantee
    - Free Mockup
    - 24/7 Support
    - Great Communication
    About Website developement batbird INC
    If you want a stunning website (that you own and can edit yourself) then I can design/redesign it for you from scratch.
    we have 3years of experience and have 500+ happy and successful clients.
    There's nothing we can't do!
    ✔ Design and Develop a website from scratch.
    ✔ Fully responsive on mobile, tablet and laptop.
    ✔ Design unique and original graphic elements & icons.
    ✔ Redesign your existing site.
    ✔ Follow the style of another site you like.
    ✔ Creating a custom responsive design.
    ✔ Setting up and customising the store (eCommerce).
    ✔ Adding items to your store
    about it services provided by batbird INC
    We keep businesses thriving with managed IT solutions and services
    Customized Business IT
    We work with many types of IT customers with unique needs and very different budget levels.
    We craft an IT plan and budget for each customer to help them get the best value and strategically select their services and products.
    Personal User Support
    We provide on-site expert, friendly technical support to business, home and home office users.
    Unlike repair shops, we have a strong emphasis on explanation, friendly communication, and training.
    Friendly Local Helpdesk
    Our full time help desk team is at your service when you need them most.
    We offer remote assistance, on-site visits, and online resources such as our advanced ticketing system and customer knowledge base.
    About digital marketing in batbird INC
    Hi, we are Batbird INC. We provide clients with the strategic support needed for a thriving business and growing sal
    What you get:
    - Industry trends and strategies to replicate
    - Knowledge of how competitors are acquiring customers
    - Digital channels to leverage
    - Digital marketing plan blueprint
    - Quick delivery from pro marketers
    About PR Management in Batbird INC
    we will manage all PR for your business. This includes getting your business talked about in blogs relating to your business, and press in magazines.
    we will make sure that your business gets the buzz it deserves. If you can not afford to have me manage your campaign.
    Do not worry. With the basic package we will give you a full list of contacts. A long with a pitch script and full press kit.
    we have access to Industry leading PR software, which gives us access to hundreds of different journalists buzzing to tell your
    About Talent Management in Batbird INC
    our goal is to assist you with the following:
    Ensure you are marketing yourself in the best way possible.
    Understand the techniques you are leveraging for the best results.
    Give you the tools to be able to sell your current knowledge, skills and abilities and more importantly making them applicable for your next role.
    Understanding what skills are transferable and how to articulate that to a hiring manager.
    Not only prepare you for the interview but, focus on landing the job.
    Negotiate the best offer.
    Ultimately achieving your DREAM career!
    About all india talent search scholarship exam in Batbird INC
    We Organize talent search exams all across india with online examination format and offline exams
    anyone can participate with nominal fees and they can have chance to win huge rewards

    ReplyDelete
  5. I think this is an informative post and it is very useful and knowledgeable. therefore, I would like to thank you for the efforts you have made in writing this article. Prestige Song of the South phase 2

    ReplyDelete
  6. Business and company names should only be registered where searches of the trademarks register reveal there is no conflict.IT consulting team Oakville

    ReplyDelete
  7. This was really an interesting topic and I kinda agree with what you have mentioned here! name for new company

    ReplyDelete
  8. nice article, you just got it right. For plots for sale in hyderabad please pay a visit.

    ReplyDelete

See Also..