Plans For Midsize And Large Legislation Firms
An integrated firm by no means dies, except when it’s wound up as per legislation. A company, being a separate authorized person is unaffected by death or departure of any member and it stays the same entity, regardless of 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 might enter into contracts, possess properties in its personal name, sue and may be sued by others etc. It known as a man-made particular person since it’s invisible, intangible, existing solely in the contemplation of legislation. A company incorporated beneath the Act is vested with a company character so it redundant bears its own name, acts under a name, has a seal of its own and its property are separate and distinct from those of … Read More