This document provides an overview of the nature of companies under Indian law. It defines a company as an association of individuals formed for a common purpose to share profits and losses. The key characteristics of a company are that it is a separate legal entity, has limited liability for members, can have perpetual succession, can hold property separately, and shares can be transferred. The document also discusses exceptions where the corporate veil can be pierced, such as to protect revenue or prevent fraud. It distinguishes companies from partnerships and outlines the history of company law in India.

1. NATURE OF COMPANY Presented By: BaneshwarMahatoBBA, 3rd Sem.

2. Nature Of Company Definition It is association of individuals, formed for any common purpose, common trade or common business and share profit & loss arising there from.

4. Limited Liability.

5. Perpetual Succession.

6. Common Seal.

7. Transferability of Shares.

8. Separate Property.

10. Prevention Of Fraud Or Improper Conduct

12. Company Avoid Legal Obligation

13. Company Acting As an Agent Of Shareholder

14. Avoidance Of Welfare Legislation

16. Failure To Refund Application Money [Sec.69(5)]

17. Misdescription Of Company’s Name[Sec.147(4)]

18. Fraudulent Trading[Sec.542]

20. Mode Of Creation

21. Legal Status

22. Management

23. Transferability Of Interset

24. Authority Of Members

25. Power

27. Debts.

28. Dissolution.

29. Number Of Members.

30. Minimum

31. Maximum

34. Limited Liability Act of 1855.

35. Joint Companies Act of 1856- Replaced Both Acts of 1844 & 1855.

36. Join Companies Act 1857 passed in India

37. Companies Act 1866.[Based English Companies Act 1862].

38. Recast of The Companies Act1866 in 1882.

41. THANKS