The outstanding feature of a company is its idependent corporate exitence. A Partnership has no existence apart from its memebers. It is nothing but collection of the partners. A comapny, on the other hand, is in law a person. it is a distinct legal persona exixting independent of its member. by incorporation under the Act, the company is vested with a corporate personality which is distinct from the members who compose it. one of the effects of incorporation is stated in Section 34(2) of the Act. it says that upon the issue of the certificate of incorporation, the subscribers to the memorandum and other persons, who may from time to time be the members of the company, shall be a (body corporate) capable forthwith of exercising all the functions of an in corporated company and having perpetual succession and common seal. Thus the company becomes a body corporate which is capable immediately of functioning as an incorporated individual. The enterprise acuires its own entity. it becomes impersonalised. No one can say that he is the owner of the company. the business now belongs to an institution. the entity of the enterprise becomes institutionalised. in the words of palmer: The benefits following from incorporation can hardly be exaggerated. It in because of incorporation that the owner of the business ceases to trade in his own person. The company carries on the business, the liabilities are the company's liabilities and the former owner is under no liability for anything the company does, although, as principal shareholder, he is able to take full advantage of profits which the company makes. (Mirza Asad Moazzam Baig)
Autonomy (Odyssey)
1 a : being, existence; especially :independent, separate, or self-contained existence
Its existence is the only independent variable. Anything else depends on the context of the study.
an atom
an atom
No, but most cities have a formal Seal or other symbol of their corporate existence.
largest
Atoms of most elements are not able to exist independently. Atoms form molecules or ions aggregate in large numbers to form the matter that we can see. Molecule is capable of independent existence.
The major difference is the notion of an existence of a self: atman (self in Hinduism) vs anatman (no-self in Buddhism). Anatmam is the teaching of no fixed independent existence of a self. The notion of an independent self is explained with investigation of the "skandas", which when examined do not determine the existence of a "self" . This applies also to the existence of an essence or a soul.
Legal state of existence signifying that a corporate entity has been recognized; that is, a legal entity has been authorized by a state or other political authority to operate according to the entity's approved articles of incorporation or charter. Incorporated entities share basic attributes: an exclusive name, continued and independent existence from shareholders or members, paid-in capital, and limited liability.
Shivaji maharaj heigh &features
A parasite that cannot lead an independent nonparasitic existence, in contrast to facultative parasite.