"Company" is an amalgamation of the Latin word "Com" signifying "with or together" and "Agonies" signifying "bread". Initially, it alluded to a gathering of people who took their suppers together. An organization is only a gathering of people who have met up or who have contributed cash for some regular individual and who have consolidated themselves into a particular lawful substance as an organization for that reason. Under Halsbury's Laws of England, the expression "organization" has been characterized as a gathering of numerous people joined into one body under uncommon control, having unending progression under a fake shape and vested by the strategies of law with the limit of acting in a few regard as an individual, especially to take and giving of property, for contracting commitment and for suing and being sued, for getting a charge out of benefits and invulnerabilities in like manner and practicing an assortment of political rights, pretty much broad, as indicated by the plan of its foundation or the forces upon it, either at the season of its creation or at any ensuing time of its reality. In any case, the Supreme Court of India has held on account of State Trading Corporation of India v/s CTO that an organization can't have the status of a subject under the Constitution of India.
Krishna Chandra Marg, Reclamation, Bandra West, Mumbai, Maharashtra 400051
Advocate Ashok Pandey