Can a company be a juristic person?

The term “juristic person” includes a firm, corporation, union, association, or other organization capable of suing and being sued in a court of law.

What is a juristic company?

Juristic Person means a company or close corporation and includes a body corporate, partnership, association or trust; Sample 1.

Who is a juristic person?

Juristic Person Meaning. A juristic person is a non-human legal entity recognized by the law and entitled to rights and duties in the same way as a human being. … In other words, it is not an individual natural person but an artificially created person which is to be recognised to be in law as such.”

Can a juristic person be a director of a company?

juristic persons (like companies and close corporations or a trust6), therefore only natural persons can be directors of a company; … a person disqualified in terms of any other additional grounds of ineligibility as may be set out in the company’s MOI.

Does the Constitution apply to juristic person?

(2) A provision of the Bill of Rights binds a natural or a juristic person if, and to the extent that, it is applicable, taking into account the nature of the right and the nature of any duty imposed by the right.

Bill of Rights. Chapter 2, Section 7-39.

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1 Section number 2 Section title 3 Extent to which the right is protected
11 Life Entirely

Is a company a natural or juristic person?

An entity, such as a corporation, that is recognized as having legal personality, i.e. it is capable of enjoying and being subject to legal rights and duties. It is contrasted with a human being, who is referred to as a natural person.

What is juristic personality in company law?

In essence, the concept of separate juristic personality means that when a corporate entity (more commonly referred in the legal fraternity to as a juristic person) such as a company or a close corporation has been properly incorporated in terms of the relevant company laws, the law recognises that that entity …

Can a juristic person be a citizen of India?

1963 S.C. 1811, it was held that the word “Citizen” is intended to refer only to natural persons. Therefore, a juristic person like a company can not claim the status of citizenship for the purpose of invoking fundamental rights under Part III under the Constitution.

What are the legal requirements for a business in South Africa?

All businesses need to be registered with The Companies and Intellectual Property Commission (CIPC). The CIPC is an agency of the Department of Trade and Industry in South Africa, assisting with the registration of companies and intellectual property rights (trademarks, patents, designs and copyright).

What does CIPC stand for?

The Companies and Intellectual Property Commission (CIPC) is an agency of the Department of Trade and Industry in South Africa. The CIPC was established by the Companies Act, 2008 (Act No.

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Who Cannot be a director of a company?

Only an Individual (living person) can be appointed as a Director of a Company. A body corporate or a business entity cannot be appointed as a Director of a Company. A company can, however, have a maximum of fifteen Directors and it can be increased further by passing a special resolution.

Do juristic persons have the right to privacy?

[40] In the Hyundai case (at paras [17] – [18]) the Constitutional Court held that juristic persons enjoy the right to privacy although not to the same extent as natural persons, because juristic persons are not the bearers of human dignity and this right is based on human dignity.

Is partnership a juristic person?

Unlike trusts, companies and close corporations, which are considered ‘legal or juristic persons’, a partnership is not, and there are no formalities required in order to set up a partnership.

Is a bank a juristic person?

‘The Bank is a legal person and is, in its corporate capacity, capable of suing and being sued and is, subject to the provisions of this Act, capable of purchasing or otherwise acquiring, holding or alienating property, movable or immovable, and of performing such acts as legal persons may generally by law perform. ‘