In comparative legal scholarship, particularly comparative corporate law, the major studies are directed towards comparing the current legal provisions, while legal developments of these provisions are sporadically investigated. Still where such an attempt has been made, the arguments therein are rarely substantiated with any descriptive analysis of statutory laws. This article analyses, in historical perspective, the substantive legal provisions of different jurisdictions in the period 1910-1980. After conducting a detailed study of the developments of company laws in these countries, it is argued that socio-economic factors coupled with political ideologies at national and international level, are the prime reasons for the legislation of company law. These factors are common irrespective of legal family the country under study belongs to.