Helo guys If someone open an society of financial like human society so can we says it is a company or not

Anas · 17 May 2024

A society, whether it is a financial society or a human society, can be a company if it is registered and operates as such. In many jurisdictions, financial societies, such as credit unions or mutual societies, are often structured as companies. They must comply with specific regulations and legal requirements to be recognized as such. If the society is organized, registered, and operates as a legal entity under the laws governing companies, then yes, it can be considered a company. However, if it is an informal group or organization without legal recognition as a company, then it would not be considered a company in the legal sense.