what is do you mean bycompany law? explain it's nature and advantages.
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Indian Company law 1956’s section 3(1) (i) define company, “Company is the organisation which is formed and registered under this law or any previous law”
Characteristics-
Separate legal entity
Separate property
Limited liability
Perpetual succession
Common seal
Right to sue
Characteristics-
Separate legal entity
Separate property
Limited liability
Perpetual succession
Common seal
Right to sue
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