Question:
Features of a company are
Features of a company are
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A company has legal characteristics like being an artificial person, created by law, and having perpetual succession.
Updated On: Oct 6, 2025
- Artificial person
- Created by law
- Perpetual succession
- All of these
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The Correct Option is D
Solution and Explanation
Step 1: Understanding the features of a company.
A company has certain features that define its nature and characteristics: - It is considered an artificial person, meaning it has a legal identity separate from its members. - It is created by law, meaning it comes into existence under the authority of legislation. - It has perpetual succession, meaning its existence is not affected by changes in its membership or ownership.
Step 2: Analyzing the options.
- (A) Artificial person: This is correct. A company is an artificial person with legal rights and obligations.
- (B) Created by law: This is correct. A company is formed by legal processes, like registration and incorporation.
- (C) Perpetual succession: This is correct. A company continues to exist even if its members change.
- (D) All of these: This is correct. All the features listed in the previous options are characteristics of a company.
Step 3: Conclusion.
The correct answer is (D) All of these, as they all represent features of a company.
Final Answer: The correct answer is (D) All of these.
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