About this document
Characteristics of a Company Explained by sangeeta is a document available to read on EtoBox.
A company has the following key characteristics: 1. It is an incorporated legal entity created under the Companies Act and has a separate legal existence distinct from its shareholders. 2. It has perpetual succession meaning it can exist indefinitely despite changes in ownership and has no finite life span like a partnership. 3. It can own property, enter into contracts, and sue or be sued in its own name due to its status as a legal person created by law. However, it is not a citizen. 4. It benefits f
- Author
- sangeeta
- Language
- EN