According to Section 45 of PERA Act 2024, the term “company” also includes:

According to Section 45 of PERA Act 2024, the term “company” is not limited to traditional corporate entities. It also includes a firm or association of persons, which ensures that the provisions of the Act apply to collective entities engaged in business or operations, even if they are not formally registered as companies under corporate law.

This broader definition allows enforcement authorities to hold partnerships, firms, or associations of persons accountable for offences under the Act. By doing so, the law prevents entities from evading responsibility simply because they are not registered as a formal company. Individual proprietorships or cooperative societies are not automatically included unless specified, emphasizing the focus on collective entities.

This provision strengthens corporate accountability, compliance, and enforcement under Section 45, ensuring that all relevant entities are subject to penalties, liability, and enforcement measures as outlined in the PERA Act 2024.