Company or society

  • What is difference between company and society?

    A society is a non-commercial organization, form for the promotion of the object like art, culture, science, religion etc.
    Provisionsunder the Companies Act are more stringent and attract more penalties.
    A registered company is a legal entity..

  • Why is it important for companies to contribute to society?

    Businesses not only contribute to society through the taxes they pay, but by creating employment, sustaining smaller suppliers and supporting local economies.
    We need to measure our contribution and make sure this is widely understood..

  • Further, on the question as to whether a society is a body corporate or not, the Department of Company Affairs in its Circular No. 8(26)/2(7)/63-PR, dated 13-03-1963 stated that the term body corporate does not include a society registered under Act, 1860 for the purpose of Act, 1956.
  • Private Company Limited By Guarantee
    Non-profit organisations such as charities, clubs, student unions, societies and social enterprises are typical entities that use this type of company to set a low limit to the amount that members (owners) must pay if something goes wrong.

Company created by charter

A chartered company is an association with investors or shareholders that is incorporated and granted rights by royal charter for the purpose of trade, exploration, and/or colonization.
Company or society
Company or society

Livery company of the City of London

The Worshipful Company of Insurers is one of the 110 livery companies of the City of London.
It ranks 92nd in the City Livery Companies' order of precedence.
Its motto is Omnium Defensor, Latin for Protector of All and its church is St Lawrence Jewry.

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