What exactly is corporate law?
Company law is primarily concern with business and its administration. The term “company” does not imply that there must be a massive infrastructure, a corporate environment, a large building, well-dressed employees, and so on. It all comes down to how a business is run. A company is defined as any legal entity that comes into existence. There are numerous types of business organizations that can be registered by individuals under the law.
- Person / sole proprietor / sole trader
- Firm in partnership
- Limited liability company (LLC)
- Limited liability company
- Societies that work together
The company can be either a public or a private limit company. There is a distinction base on the share capital raise by the shareholders and the company’s operations. The Companies Act contains all of the provisions for company registration, benefits, and limitations. The Company’s Act contains all of the guidelines necessary for the smooth operation of the business. The law must be shape in a specific way to meet the requirements. A few changes have been made to reflect the changing nature of work and other developments. Amendments are changes or additions to the act or law.
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