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The company registration act 1956

The Company Registration Act The registration of companies either public or private is mainly regulated unless not expressly prevented under the company registration Act 1956. The companies Act 1956 presents the companies which must register the companies which cannot register and the companies not formed under the Act which may register. The Companies Act which must register The company registration is relevant with the private limited company to be registered in the Act 1956. Where no company, organization or partnership consisting of more than ten persons shall be formed for the plan of carrying on the business of banking.  Unless it’s registered as a company under this Act 1956. No company society or partnership consisting of more than twenty persons shall be created for the reason of taking on any other business. The company that has its object in the addition of gain by the  company registration , association or partnership or by the particular mem...

What are the Characteristics of a company ?

A company as an organization has many specific details which together form it a different management and its characteristics. The main characteristics of a company are following: The Legal Entity : The characteristics of every company is registered under the existing law and it has a different legal entity part of the members or shareholders of the company . The company is a fake person and it is a legal unit . It has certain rights and privileges of a natural person . A registered company has the right to acquire and ownership as well as transfer property in its own name. The act of a company can be held liable for no shareholders. The Limited Liability members of a company The liability of each member of a company is limited to the amount payable by him as an investor and the values of shared are subscribed by him.There is no member can be called upon to pay more than that amount may be the term of liability of the company . The Transferable Shares of a compan...