Give any TWO Characteristics of a Company.

1.	Give any TWO Characteristics of a Company.
Answer» Characteristics of a Company : (i) Perpetual Existence: The Existence of a Company is Not Affected by the Retirement, Death, Lunacy and Insolvency of its Members . Shareholders may Come and Shareholders may Go, but the Company Goes On For Ever, Unless Wound Up according to Companies Act. (ii) Common Seal : Since the Company has No Physical Existence, it must Act through its Agents, called Directors. All Documents Prepared by the Directors must have the Seal of the Company. The Common Seal Acts as the Official Signature of the Company.

Answer»

Characteristics of a Company :

(i) Perpetual Existence: The Existence of a Company is Not Affected by the Retirement, Death, Lunacy and Insolvency of its Members . Shareholders may Come and Shareholders may Go, but the Company Goes On For Ever, Unless Wound Up according to Companies Act.

(ii) Common Seal : Since the Company has No Physical Existence, it must Act through its Agents, called Directors. All Documents Prepared by the Directors must have the Seal of the Company. The Common Seal Acts as the Official Signature of the Company.

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