Company Characteristics under the Companies Act
   
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Company Characteristics under the Companies Act
 
 
Characteristics of a company

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