Various Authorized Service Providers
A particular person turns into a member of a Hindu Undivided Family enterprise by advantage of delivery. Partners are the agents of the agency, however members of a company are not its agents. A companion can dispose of the property and incur liabilities so long as he acts in the midst of the firm’s enterprise.
Within the boundaries of powers conferred by the charter, it can do all acts as a natural particular person could do. An included firm owes its existence either to a special Act of Parliament or to company law. Companies Act, 1956 which is being replaced by the Companies Act, 2013. Nowadays, business matters have turn out to be extra sophisticated and cannot be mentioned at festive gatherings.
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Therefore, the company type of group has assumed larger importance. It denotes a joint-inventory enterprise in which the capital … Read More