What is the meaning of "Principal Business" of a Company in terms of Companies Act, 1956.
Kindly provide a reference from where the meaning can be derived or the term has been defined.
Avika Kapoor (General Manager-Business Development) 11 July 2009
What is the meaning of "Principal Business" of a Company in terms of Companies Act, 1956.
Kindly provide a reference from where the meaning can be derived or the term has been defined.
A V Vishal (Advocate) 11 July 2009
Dear Kapoor
The term Principal business is not defined in law, according to context since the matter pertains to Companies Act, it is construed as the main objects of the company which is declared in the MOA while registering the company.
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