Question

What do you understand by the separate legal existence of the company?

Answer 1

Answer:

A Company is a Separate Legal Entity as Distinct from its Members. ... A company is a separate legal entity as distinct from its members, therefore it is separate at law from its shareholders , directors , promoters etc and as such is conferred with rights and is subject to certain duties and obligations.

Explanation:

Answer 2

Answer: hopes it helps u...

Explanation:

A legal entity, typically a business, that is defined as detached from another business or individual with respect to accountability. A separate legal entity may be set up in the case of a corporation or a limited liability company, to separate the actions of the entity from those of the individual or other company.