Integrated Business Services
Characteristics of a Company
A company registered under the Companies Act has the following features -
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1
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Separate legal entity; |
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2
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Incorporated body ; |
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3
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Artificial legal person; |
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4
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Perpetual succession; |
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5
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Limited liability; |
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6
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Common seal; |
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7
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Right to own property; |
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8
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Right to sue; |
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9
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Right to enter in to contracts; |
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10
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Flexibility of investment; |
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11
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Separation of control from the ownership. |