Company

Company

Characteristics of Company

A company registered under the Companies Act has the following features:-st

  1. Separate legal entity;
  2. Incorporated body;
  3. Artificial legal person;
  4. Perpetual succession;
  5. Limited liability;
  6. Common seal;
  7. Right to own property;
  8. Right to sue;
  9. Right to enter in to contracts;
  10. Flexibility of investment;
  11. Separation of control from the ownership