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Difference between corporation and company?.?
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Difference between corporation and company?.?
Differences Between Corporation and Company
The points given below are important, so far as the difference between corporation and company is concerned:
1. The word Corporation is defined in section 2 (11) of the Companies Act while the term Company is defined in section 2 (20) of the Companies Act.
2. The corporation came into existence if it is incorporated in or outside India whereas a company came into existence when it is incorporated under the Indian Companies Act, 2013.
3. The Corporation should have a minimum authorized capital of Rs. 5,00,00,000. Conversely, the Company should have a minimum authorized capital of Rs 1,00,000 in the case of private company and Rs. 5,00,000 in the case of public company.
4. The Corporation is a larger term as compared to the Company.
This question is part of UPSC exam. View all Commerce courses
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Difference between corporation and company?.?
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Difference between corporation and company?.?
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Difference between corporation and company?.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Difference between corporation and company?.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Difference between corporation and company?.?.
Difference between corporation and company?.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Difference between corporation and company?.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Difference between corporation and company?.?.
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