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An Introduction of Company under the Companies Act 2013 : CS Foundation

An Introduction of Company under the Companies Act 2013

Introduction:
There are many different forms of businesses like Sole Proprietorship, Partnership firm, Hindu Undivided Family Business, Limited Liability Partnership etc. But Company form of business has certain advantages over another form of business like limited liability, perpetual succession, Separate legal identity, etc.
The word ‘Company’ has been derived from the Latin word made from two words i.e. Com and panies. The word ‘com’ in Latin means ‘with or together’ and the word ‘panies’ in Latin means ‘bread’. Hence, a company meant an association of persons who took their meal together.
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