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What is Corporation?

Nidhi Jain (CS ) (982 Points)

01 July 2011  

What is Corporation. How is formed Prcedure, Required Capital etc????????? Whether it is defined anywhere


 2 Replies

Pravin Gupta CS (trainee) (789 Points)
Replied 01 July 2011

A corporation is a legal entity that is created under the laws of a state designed to establish the entity as a separate legal entity having its own privileges and liabilities distinct from those of its members.[1] There are many different forms of corporations, most of which are used to conduct business..  its include Companies, firms etc.

Required Capital for taking the word Corporation is 25 Crores as per new companies ( name Availibilty Rules ), 2011

Jaideep (Service) (1363 Points)
Replied 02 July 2011

Originally posted by : Pravin Gupta CS

A corporation is a legal entity that is created under the laws of a state designed to establish the entity as a separate legal entity having its own privileges and liabilities distinct from those of its members.[1] There are many different forms of corporations, most of which are used to conduct business..  its include Companies, firms etc.

Required Capital for taking the word Corporation is 25 Crores as per new companies ( name Availibilty Rules ), 2011

Agreed


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