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Urgent query

ANOOP (student) (428 Points)

04 October 2011

Suppose there is a company which is neither regiestered nor listed still thy function as a company.......so will that be really called as company..or not if not then what it should be called or what r these firms like E&Y KPMG.....Are thy companies ???

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8 Replies

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 04 October 2011

these may be business identity rather than company, as per indian rules, there are several other business identities as proprietorship / partnership / AOP / BOI which are not covered under the companies act, but allowed to do business at par

vinay (CS) (65 Points)
Replied 04 October 2011

It is not Company as it is not registered in Company Law, you will find many shops in the market mentioning the name CO. like A & B Co. it does not mean that they are company. They are just a firm or propritership business and filing the return in Individual capacity

tirthesh shah (student) (125 Points)
Replied 04 October 2011

a company is incorporated only on it's registeration

here it isnt the company but simply a business carried by a group of individuals collectively.

e & y ,kpmg etc are the brand name under which indian audit firms are carrying its activities.

Rakesh (Executive- Commercial & CMA final student) (179 Points)
Replied 04 October 2011

Agree with above replies as without registration company can't be formed..

KPMG, E&Y etc are partnership firms & not the co...

sivaram (Asst Mgr-Taxation) (6918 Points)
Replied 04 October 2011

Audit Firms cannot be Formed as Limited or Pvt Ltd companies

mayank agarwal (CA fianlist BCOM(H) CS student ) (577 Points)
Replied 04 October 2011

if the company mentioned by you is not registered under any statute then i guess that will be an illegal association (based on the number of members & nature of business going under )