NOTES


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The Companies Act, 2013 Notes

Q1. What is a company?

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Q2. Explain clearly the concept of “perpetual-succession" and “common-seal" in relation to a company incorporated under the Companies Act, 2013.

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Q3. What do you understand by “separate legal entity of the company?” State the circumstances where under the separate legal entity of the company can be ignored and liability can be imposed on the persons regulating the affairs of the company?

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Q4. A company is legal person but not a citizen. Comment.

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Q5. Define Private Company.

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