COMPANY LAW AND SECRETARIAL PRACTICE
COMPANIES ACT 2013
The concept of ‘Company’ or ‘Corporation’ in business is not new, but was dealt with, in 4th century BC itself during ‘Arthashastra’ days. Its shape got revamped over a period of time according to the needs of business dynamics. Company form of business has certain distinct advantages over other forms of businesses like Sole Proprietorship, Partnership etc. It includes features such as Limited Liability, Perpetual Succession etc.