Characteristics of a Company

Any Company Private or Public formed and registered according to The Company Act of 1956 has the following salient features:

  • A separate legal entity.
  • An artificial legal body or person.
  • An organized and incorporated body.
  • Perpetual succession.
  • Limited range of liabilities.
  • Common seal
  • Right to enter in contracts.
  • Right to own property.
  • Right to sue.
  • Flexibility of investment.

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