Characteristics of the company

khushal By khushal, 20th Oct 2014 | Follow this author | RSS Feed
Posted in Wikinut>Business>Accounting & Finance

1 Company is a voluntary association of person duly incorporated and registered under the law.
2 Company is regarded as an artificial person created by law hiving a separate existence of its own

Characteristics of the company

The important characteristics of a company are as follows
1 Company is a voluntary association of person duly incorporated and registered under the law.
2 Company is regarded as an artificial person created by law hiving a separate existence of its own
3 Company has a perpetual succession it is not affected by the changes in the membership or by the death or insolvency of the members.
4 Company can be created and wound up by the law only.
5 The Company is managed by a board of directors elected by the shareholders.
6 Every company has a common seal to express its existence by affixing it on all relevant papers.
7 The liabilities of its members are limited to the face value of shares subscribed by each member
8 Although shareholders are the owners of the company, yet they have no right to interfere in day to day affairs of the company directly.

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i am working of business department and i am perfect in business

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author avatar tafmona
21st Oct 2014 (#)

thanks for sharing

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