RANA Commerce

  ACCOUNTING FOR SHARE     Meaning of Company          According to Section 2 (20) of the Companies Act, 2013, “a Company means a Company incorporated   under this act or any previous Companies law”.       Characteristics of a Company *Separate Legal Entity            *Perpetual Existence              *Limited Liability *Common Seal                         *Separation of Management from Ownership        Kind of a Company Unlimited Company [Section 2(92)]: An unlimited company is a company whose members bear limitless liabilities towards it. Company Limited by Guarantee [Section 2(21)]: Company Limited by Shares [Section 2(22)]: ...