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Subjects>Law & Government>United States Government

What type of business organization can act as a legal person regardless of the number of the number of owners with liabity limited to the investment?

Updated: 11/5/2022

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∙ 11y ago

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A corporation

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∙ 11y ago

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Q: What type of business organization can act as a legal person regardless of the number of the number of owners with liabity limited to the investment?

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Is fiitjee also moving towards bankruptcy like Brillient tutorials?

Fitjee is not paying salaries to its emlployees for the last 2 months. and also it is not paying creditors in the market. Blue dart has recently stopped business with the company and also it is believed that company has to pay many big vendors crores of ruppes. The managing diector of the company is a very big foolish person who is not able to realise the situation as on the one hand he is spending crores of ruppes on advertising and publicity for branding on the other side not paying salaries and amount due to the vendors and the creditors and there by spoiling the reputation of the company. It is beleieved that recently company recruited around 9 CFO"s on a very very high salary package and opened some new branches also , so company is in a very bad shape as there is complete misappropriation of funds. It is high time that all this matter should go to govt. of india and Mr. kapil Sibbal who is the education minister so that everybody is aware of the situation of fiitjee. Couple of months back brilliant tutorials had experienced the same siyuation and now the company in delhi is closed and it also had a crores of liabity on it. People should be very careful in admitting their childerns as this the question of their carrer and parents today have very hard earned money. The whole matter should be published in national newpapers and leading news channels. In interest of awareness of general public

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