Raman has set up beauty products manufacturing unit on 30th April, 201

1.	Raman has set up beauty products manufacturing unit on 30th April, 2019. He has got his unit registered under Companies Act, 2013. From the day of its registration, it acquired an identity separate from its members. The Board of directors of the company appointed top officials for running the business. Identify the three features of the company form of organization highlighted above by quoting the lines.
Answer» (1) Formation: ‘He has got his company registered under Companies act, 2013.’ (2) Separate Legal Entity:’ From the day of its registration, it acquired an identity separate from its members.’ (3) Control:’ The Board of directors of the company appointed top officials for running the business.’

Raman has set up beauty products manufacturing unit on 30th April, 2019. He has got his unit registered under Companies Act, 2013. From the day of its registration, it acquired an identity separate from its members. The Board of directors of the company appointed top officials for running the business. Identify the three features of the company form of organization highlighted above by quoting the lines.

Answer»

(1) Formation: ‘He has got his company registered under Companies act, 2013.’

(2) Separate Legal Entity:’ From the day of its registration, it acquired an identity separate from its members.’

(3) Control:’ The Board of directors of the company appointed top officials for running the business.’

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