Meaning of company

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

10 October 2014 Hello i am ca cpt student. i was read the meaning of company that company is an association of person and registered under companies act . it exist only in the eyes of law as it is invisible ,intangible and legal person only. company is body of person to whom act gives legal personality. so how we can say it is person exist only in the eyes of law as it is the association or body of person which is actually exist ,means not invisible and company is the body of person.

@VaibhavJ

@VaibhavJ (Expert)
Follow

11 October 2014 well said..

However when you say XYZ ltd. then you are not referring to living being but to an artificial legal entity.

Thanks

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

11 October 2014 Ok it means any person other than natural person ,i.e.,company,LLP,co-operative society and any other body corporate is artificial legal person and exist only in the eyes of law..am i right Mr.vaibhav...??

Upgrade to CAclubindia Pro. Subscribe Now!

Querist : Anonymous

Querist : Anonymous (Querist)

12 October 2014 Ok it means any person other than natural person ,i.e.,company,LLP,co-operative society and any other body corporate is artificial legal person and exist only in the eyes of law..am i right Mr.vaibhav...??

Querist : Anonymous

Querist : Anonymous (Querist)