Edio Yenye Shavu

📘 UNIT – I (DETAILED & EXAM-READY NOTES) 1. Meaning of Company A company is a voluntary association of persons formed for a lawful purpose, registered under the Companies Act, having a separate legal identity, perpetual succession, and limited liability. Definition (Exam line) > A company is an artificial legal person created by law, having a separate legal entity, perpetual succession, and a common seal.