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  • 1st Lecture

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    Gul Afshan
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    A company is a voluntary association of people who run a business together to share profits. Key characteristics of a company include it being an artificial legal entity separate from its members, members having limited liability, the company having perpetual succession even as members change, and the company being managed separately and having a common seal and shares that can be transferred.

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    1st lecture of corporate law

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    1st lecture

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    A company is a voluntary association of people who run a business together to share profits. Key characteristics of a company include it being an artificial legal entity separate from its members, members having limited liability, the company having perpetual succession even as members change, and the company being managed separately and having a common seal and shares that can be transferred.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    Download as pptx, pdf, or txt
    10 views5 pages

    1st Lecture

    Uploaded by

    Gul Afshan
    A company is a voluntary association of people who run a business together to share profits. Key characteristics of a company include it being an artificial legal entity separate from its members, members having limited liability, the company having perpetual succession even as members change, and the company being managed separately and having a common seal and shares that can be transferred.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 5

    Corporate Law

    1st Lecture
    Definition of Company

    A company means a voluntary association of person


    to run a business and share the profit with limited
    liability, common seal and capital divisible into share.
    Characteristics of Company

     Voluntary Association
     Artificial Legal Person
     Members and directors
    Characteristics of Company

     Separate Legal Entity


     Limited Liability
     Perceptual Succession
    Characteristics of Company

     Common seal
     Transfer of shares
     Separate property
     Separate management

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