Branch Opening
Special Offer
Branch Login

Kind Attention, Dear All Branches, please make all your payments in company accounts, do not make any cash payment to BDM's or any other persons . In Case of payment made by you to any other person and that payment did not deposited in Taxway's bank account then Taxway is not responsible for the same. || For Software Login  Click Here Contact to Customer 78-7777-8888 Please run this Website on Mozilla Firefox . For August Offer Click Here know more. 

What is Company in India ?



In corporate accounting , commerce students have to learn accounting treatment of issue of share capital , debenture and its redemption , bonus and right issue at graduation level . They also have to solve the problems of final accounts of different companies . For proper accounting treatment , learning of Indian Company Law 1956 is must . So , this topic is being discussed here. If you are starting to learn Company or Corporate Accounting , then this article will be useful for you because after reading this article , you will understand , the brief history , meaning , definition of Company and its six features .




First of All, in France this word was used for body of soldiers see [Fr. Term Compaignie].. After year 1500, this word became famous in business. Group of businessmen was called company.


I can explain the meaning of company with a simple example. Suppose, two persons want to do business at large scale but they have limited money. They are also not interested to make partnership due to its unlimited liability. They go to the office of registrar of companies and fill the form of creation of company and attaching required documents. They also pay the required fees. After this, registrar will register their company. This registered company will be independent Identity.


Definition of Company


Indian Company law 1956’s section 3(1) (i) define company, “Company is the organisation which is formed and registered under this law or any previous law”


Explanation of Company


From above example and definition, we can understand that company is voluntary and autonomous association of persons. This is made for achieving business objectives. It acts like human being. Company can purchase assets or sell it. It can take also debt. It can open bank account. It is fully free from its members. Company is operated through board of directors.



Search From UTI
Search Using NSDL Coupon No
Search Form NSDL

Categories and Productsoducts

News & Update

Read More

Read More

DOWNLOAD SOFTWARE Click here for download Softwares
Read More

ABOUT CODE Your New code issue
Read More

ERI Issue
Read More

ERI Id is working
Read More

Important Notice
Read More

Android App
Read More

For ITR Filling
Read More

Pancard Process Migration
Read More

New Pancard Process Regarding
Read More

Service Tax applicable 1 Dec 2016
Read More

New Bank Account w.e.f 1 Dec 2016
Read More

Our Products