Company lawyers play an important role in the litigation world. Basically a company lawyer deals with the company related legal issues. In India, company related legal disputes increase day by day due to increase in the scope of the business sector. Usually a company lawyer deals with high standards and professionalism. A company law deals various rules and laws like the companies act, 2013, National Company Law Appellate tribunal Rules, 2016, Nidhi Rules, 2016, Companies (miscellaneous) rules, 2014, companies (adjudication of penalties) Rules, 2014, (companies (Cost Records and Audit) Rules, 2014 etc. According to sec 2(67) of companies act, 2013 various precious laws also existed before coming the companies act, 2013 like The Indian companies act, 1866, The Indian companies Act, 1882, The Indian Companies Act, 1913, the Registration of Transferred Companies Ordinance, 1942 and The Companies Act, 1956 etc.
Meaning of Company
The word "company" is derived from two words of latin language. First is "com" which means with and second is "panis" which means bread. It refers to an association of persons who took their meal together. Basically company means a business association of some persons who earn the money together. A company is a corporate body and a legal person having status and personality distinct and separate from the members constituting it. According to the sec 1(4) of companies act, 2013 "a company means a company formed and registered user the companies act." In layman language company means a company incorporated under the companies Act, 2013 or under any previous company law.
According to the companies act, a company means a company formed and registered under the companies act. In common law a company is a "legal person" or "legal entity".
Like any juristic person. In Indian law also, a company is not a human being. It is artificial and legal. A company can be sued and can sue any person. It is legally an entity apart from its members, capable of rights and duties of its own and endowed with the potential of perpetual succession.
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Continuous hard work and dedication towards the litigation profession are necessary to become the best criminal lawyer. In the field of litigation, a corporate lawyer specializes in drafting of wrongful termination suits, corporate tax compliance, breach of contract issues, tort suits, corporate real estate suits etc.
In the Field of corporate litigation, highly standard professions exist. The experienced lawyers have dignity and a bold personality . The position of law firms increases day by day.
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