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Describe Joint stock company is an artificial person created by Law?

Salman Qureshi Staff asked 3 years ago
1 Answers
Salman Qureshi Staff answered 3 years ago

a company is an atificial person created by law. being the creation of law. the company possesses only those preoperties which are conferred upon it by its charter (Memorandum of Association) within its conferred limits of powers, 1)it can perform all acts which a natural person can do for example. 2)it can enter into contract it can sue in its own name  3)it can be sued in its own name 4)it can own property in its own name 5)it can enforce the contractual rights against other it has nationality