Business Studies

The term company is defined under which sec of the Act?


ANSWER

Sec 3(1)


SOLUTION
As per the section 3(1) of the companies act:
(1) In this Act, unless the context otherwise requires, the expressions" company"," existing company"," private company" and" public company" shall, subject to the provisions of sub- section (2), have the meanings specified below:-
(i) " company" means a company formed and registered under this Act or an existing company as defined in clause (ii);
(ii) " existing company" means a company formed and register- ed under any of the previous companies laws.

Now these provisions are dealt by the Companies Act, 2013.
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