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Definition and Features of a Company
How does the Companies Act, 2013 define a 'company'?
Under Section 2(20) of the Companies Act, 2013, a company means a company incorporated under this Act or under any previous company law.
What is the minimum paid-up share capital required for a public company under Companies Act, 2013?
No minimum prescribed; amount as per MOA.
What is the principle of 'separate legal entity' in company law?
A company is treated as a legal person distinct from its members, meaning it can own property, enter contracts, and sue or be sued in its own name, as established in Salomon v. Salomon & Co. Ltd. (1897).
What is the maximum number of members allowed in a private company?
Maximum 200 members (excluding employees).
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