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1. Introduction:

The process of evolution of man kind led nomadic human beings to collective activities .Activities which were started as struggle for survival turned into ‘for profit’ by providing others with goods of necessity. With increase in wealth and affordability, service sector entered. And this led to the mushrooming of commercial activities. Factors like globalization, industrialization and liberalization added to increase in commercial activities. The activities done by a single individuals turned into group and then groups started owning, operating, controlling, directing and supervising activities of other smaller groups.

With development of law, governments started regulating these activities by enacting laws related to nature, form and extent of such activities. Commercial activities, popularly known as business, proliferated over times across the globe. The law termed one such group carrying business as company and imparted certain characteristic to it......

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Approximate Word Count: 5580
Approximate Pages: 23 (250 words per double-spaced page)

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