A
Company registered under Companies Act is a persona
juris, cannot act by itself like a natural person and as it is a miniature
republic, which is composed of its members, who are its shareholders and real
owners.
It is managed on democratic principles by the elected representative of
the members, who are called directors and collectively expressed as the Board
of Directors. The Company can be run and
managed either by the Board of Directors itself or by the Board of Directors
with the help of Managing Director or Chief Executive.
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