Question

Define a company and explain its salient features???​​

Answer 1

Correct answer:-

A company is referred to as an association of people who contribute money or money’s worth to a common fund and use it for a purpose. It is an artificial person that exists as a corporate legal entity which is different from its core members or shareholders and has a common authentication utilised for its signature. Hence, it has a few definite characteristic features which categorise it from the other types of an organisation.

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Answer 2

A company is referred to as an association of people who contribute money or money's worth to a common fund and use it for a purpose. It is an artificial person that exists as a corporate legal entity which is different from its core members or shareholders and has a common authentication utilised for its signature.

@EVYAAN.