Saved Bookmarks
| 1. |
Explain any two characteristics of a company. |
|
Answer» 1. Separate Legal Entity: Under Incorporation a company becomes a separate legal entity as compared to its members. The company is distinct and different from its members. 2. Limited Liability: The liability of the members of the company is limited to contribution to the assets of the company upto the face value of shares held by him. A member is liable to pay only the uncalled money due on shares held by him. |
|