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Join with us 6 Question 1 What is a company? Answer The Companies Act, 2013 UNIT 1: PRELIMINARY Company and Lifting of the “Corporate Veil” Section 2 (20) of the Companies Act, 2013 defines a ‘company’ as a company incorporated under this Act or under any previous company law. The most striking feature of the company form of organisation is that it comes into existence by a legal process called “incorporation”, whereby it acquires the unique characteristic of being a se