23 Lakshay has set up a cement company on 10 January 2017. He has got the company registered under
the Companies Act, 2013. From the day of its incorporation, it acquires an identity separate from its
members. Like natural persons, it can own property, incur debts, borrow money, and enter into
contracts. The Board of Directors will appoint top officials for running the business.
Identify the four features of the company form of organization highlighted above by quoting the lines. 6
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