Meaning and definition of a company the word companies derived from the Latin word com with or together and it originally referred to an association of person who took their means together in term of the Companies Act 2013 a company means a company incorporated under this act or under any previous any law silent features of company separately entity company separate legal person and artificial person the liability of the membership of a limited company having share capital is limited to the extent of the nominal value of held by them member can come and member may go but the company survive up to winding up the come it is having rights to acquire and the transfer property has been made optional the company said 2013 document which required a fixing the common seal may Now instead B signed by two directors or one director of the company secretary of the company the share of the member expect in the private company maybe freely Transferable entity the company having capacity to see you other and it can be seed by others the court will look behind the corporate entity and take action and though no entity separate from the members exist and making the member or the controlling person liable for death and obligation of the company different codes found it necessary to lift the corporate mail and punish the actual person who did wrong or unlawful act protection of revenue determination of Enemy character of the prevention of fraud protection of public policy on the basis of liability or classified according to their liability into the following a form limited by Shah's limited by the Memorandum of the amount if any unpaired on the respectively by them company limited by guarantee unlimited from public private holding subsidiary the public limited or eligible for listing it shares on the stock exchange on the basis of public limited form listed and unlisted government and non government banking foreign small dormant inactive producer investment tattoo no natural person shall be eligible to incorporate more than OPC or become nominee in more than OPC no - shell become member or nominee can hold share with benefit interest expired from the date of incorporation except their hold limit to paid up sharp capital is increased beyond 50 lakh for average annual turnover during the 11 period exceed to cross rupees Dadar person in the company shell within 30 days of receipt of the notice of the withdrawal of the concerned file with the register and notice of such with Royal concern and the intimation of the name another person nominated.