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