Company Characteristics

A company is a legal entity formed under the Companies Act to carry out business activities. It has a separate legal identity, perpetual succession, and limited liability for its members. Characteristics of a Company: 1. Separate Legal Entity: A company is distinct from its owners and can own property, enter contracts, and sue or be sued in its name. 2. Perpetual Succession: A company continues to exist regardless of changes in ownership or management. 3. Limited Liability: The liability of shareholders is limited to the unpaid value of their shares. 4. Transferability of Shares: Shares of a public company can be freely transferred, ensuring liquidity for shareholders. 5. Common Seal: A company uses a common seal as its official signature, representing its authority.

Step 1: Concept of a company.
A company is a legal entity that is separate from its owners (shareholders). It has the ability to own property, enter into contracts, and be sued in its own name.
Step 2: Features of a company.
A company also has limited liability, which means that the liability of its shareholders is limited to their shareholding. Furthermore, companies are perpetual in nature, meaning they continue to exist even if the shareholders or directors change.
Step 3: Conclusion.
Thus, the correct answer is (D) All of these. Final Answer: