Q.Personality of the company is ______ .

In joint holding, the company deals with the first-named holder — option (A).

When shares are registered in the names of two or more persons jointly, the company recognises the person whose name appears first in the register of members as the principal holder for all practical purposes — sending of notices, dividend warrants, and correspondence. This avoids …

The personality of a company is artificial (an artificial legal person).

A company comes into existence through the process of incorporation under the law, not by natural birth. The law confers on it a separate legal personality: it can own property, enter contracts, sue and be sued in its own name, quite apart from its members. But since it has no natural, physical body and acts only through human agents (directors, offi …