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A corporation is an institution that is granted a charter recognizing it as a separate legal entity having its own privileges, and liabilities distinct from those of its members.[1] There are many different forms of corporations, most of which are used to conduct business. Corporations exist as a product of corporate law, and their rules balance the interests of the management who operate the corporation, creditors who provide loans, shareholders who invest capital, and employees who contribute their labor.[2] In modern times, corporations have become an increasingly dominant part of economic life. An important feature of corporation is limited liability. If a corporation fails, shareholders normally only stand to lose their investment, and employees will lose their jobs, but neither will be further liable for debts that remain owing to the corporation's creditors. Despite not being natural persons, corporations are recognized by the law to have rights and responsibilities like actual people. Corporations can exercise human rights against real individuals and the state,[3] and they may be responsible for human rights violations.[4] Just as they are "born" into existence through its members obtaining a certificate of incorporation, they can "die" when they lose money into insolvency. Corporations can even be convicted of criminal offences, such as fraud and manslaughter.[5]
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Rajasthan Travels Corporation
by rajasthantravels Corporation
Jun 14, 2010
We are Jaipur,Delhi India based Tour and Travel Operator. Offers wildlife adventure tour package CULTURAL TOURS to INDIA Culture of Rajasthan Rajasthan Historical Tour Nubra Valley Tour South India Temples Tour Royal Karnataka, Ladakh Monastery...
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