First of all, let me answer the general question, what is
company law? The Company Law is a magnificent legislation of
Government under which the Formation, Registration, Functioning,
Management, Finance, and Winding up of various types of
companies, are administrated, regulated, and controlled by it.
The requirement for such as law in every country is essential
and vital, for fully-fledged and well-managed commerce in
diverse sectors of economy. The company law in india is governed
by the Companies Act of 1956 and its subsequent amendments. The
outstanding and elusive benefits of the company law are
described below in detail. In general, the company law seeks to
guide companies in their diverse internal and external business
activities, securing the due rights of all people and entities
involved in the business of any specified company, such as
business owners or partners, entrepreneurs, directors,
shareholders, employees, creditors, consumers, etc., in the
given community and environment. The various types