The formation of a company is the most critical phase of its lifetime, requiring attention, precision, and an in-depth understanding of all the relevant laws.
A company is an entity that is given the same legal status as a person, no matter what type of a company it is. Every registered company is a legal person and although it is not a human being, it acts through human beings. It is a separate person than those who constitute it, but it is clothed with rights, obligations, powers, and duties; it can enter into contracts, possess properties in its own name, sue and be sued by others. It can perform all acts an Indian citizen may perform. An incorporated entity never dies, but it may be closed as per prescribed guidelines.
