The Lex Insight is a dedicated legal knowledge platform focused on explaining law in a clear, structured, and academically sound manner. This website is designed for law students, judicial and competitive exam aspirants, researchers, and readers who want a deeper and more accurate understanding of legal concepts beyond surface-level explanations. The aim is not merely to define the law, but to explore its reasoning, development, and practical implications in a way that is accessible yet intellectually rigorous. The content published here covers a wide range of legal subjects, including constitutional law, criminal law, company law, Muslim law, Hindu law, and other core areas of Indian law. Each article is written with careful attention to statutory provisions, judicial precedents, and doctrinal analysis. Rather than relying on brief summaries or oversimplified notes, the articles on this site engage with legal principles in detail, often tracing their historical background, judic...
Posts
Nature Of A Company
Introduction To Nature Of A Company A company is a artificial person. It gets its existence when it is incorporated by the issue of a certificate of incorporation by the registrar of companies. It is a corporate personality having an existence, which is independent of and distinct from from the members of the shareholders of the company. It is a legal entity having a perpetual succession. Being an artificial person, it has practically an unending life. It's life doesn't depend on the life of its members. Even if all of them die, the company continues to live. The company, being a legal person, is capable of suing and being sued. A company, having existence independent of its members, the property of company is it's proper. The liability of its members is limited, to the extent of the value of share or shares which a particular member hold or purchase. Also Read : Company distinguished from Partnership The silent features of company are : 1. Ind...