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The term 'company' is usually associated with a group of people who have joined together for a certain purpose with a more or less permanent character. Under the Companies Act 2006, the term 'company' means a company that has been formed and registered under the Act and is governed by its provisions (and includes companies formed and registered under earlier statutes). Company law recognises an incorporated company has a personality that is separate and distinct from its members and where the company has share capital, from its shareholders. Although there are a large number of different kinds of companies, the bodies corporate include: (1) those incorporated as per a general Act of Parliament which permits incorporation by any body of persons who fulfil certain conditions, e.g. building societies and industrial and provident societies; and (2) public corporations established to perform a special social or economic purpose and are created by royal charter or statute that defines the objects, constitution and powers of the corporation, e.g. British Broadcasting Agency and