Company Affairs (CS) Question: Download Questions PDF
Tell me about the essential characteristics of a company?
Answer:
The essential characteristics of a company are:
★ It is a voluntary association of persons.
★ It is a separate legal entity.
★ It has a common seal.
★ It has a perpetual succession.
★ It is created by law with limited liability.
★ It is a voluntary association of persons.
★ It is a separate legal entity.
★ It has a common seal.
★ It has a perpetual succession.
★ It is created by law with limited liability.
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