Home › CA Foundation › businesslaw › The Companies Act, 2013 › The principle that a company is a legal person d…
The principle that a company is a legal person distinct and separate from its members was laid down in:
ADaimler Co. v. Continental Tyre
BGilford Motor Co. v. Horne
CSalomon v. Salomon & Co. Ltd.
DMacaura v. Northern Assurance Co.
Answer & Solution
Correct answer: C. Salomon v. Salomon & Co. Ltd.
Salomon v. Salomon & Co. Ltd. established that a company is at law a person distinct from its subscribers, founding the doctrine of separate corporate personality.
Related questions
A private company which is a subsidiary of a public company is, for the purposes of the AcUnder Section 44, shares (or debentures) of a member in a company are:Under Section 43, the share capital of a company limited by shares is of two kinds:'Paid-up capital' is equal to:Under Section 2(8), 'authorised' (nominal) capital is:Under Section 9, the effect of registration is that, from the date of incorporation, the cUnder Section 7, upon registration the Registrar issues a certificate of incorporation andUnder Section 2(52), a 'listed company' is one which: