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...Nature of a company is business entity registered under the companies act it legal with separate identity from those who are its members or operate therefore can be considered as an artificial person created by law in terms no means incorporated any previous according to chief justice marshall usa invisible intangible and existing only contemplation being mere creature possesses properties which character creation confers upon either expressly incidental very existence another comprehensive clear definition given lord lindley meant association many persons contribute money s worth common stock employ some trade share profit loss case may arising there contributed denoted capital whom belongs proportion each member entitled his shares always transferable although right transfer them often more less restricted haney joint voluntary individuals for having divided into ownership condition membership advantages incorporating i e registering perceived distinct once vested corporate personali...