Digital Media Regulation Project
An incorporated company by no means dies, except when it is wound up as per legislation. A firm, being a separate legal person is unaffected by demise or departure of any member and it stays the identical entity, despite the total change in the membership. A firm’s life is decided by the terms of its Memorandum of Association. It is taken into account as a legal person which can enter into contracts, possess properties in its personal name, sue and could be sued by others and so forth. It known as a man-made individual since it’s invisible, intangible, present solely in the contemplation of law. A firm included underneath the Act is vested with a company character so it redundant bears its personal name, acts under a reputation, has a seal of its personal and its assets are separate and distinct from these of its members.… Read More