Which of the following is NOT a feature of a
limited company?
a) The immunity from criminal prosecutions of
the directors of a company.
b) The limited liability of the shareholders.
c) The perpetual succession of the business.
d) The separate legal personality of the
company.
Answers
Answer:
answer is option number third
Answer:
The immunity from criminal prosecutions of the directors of a company is not a feature of a limited company.
Explanation:
A limited company (LC) is a type of general incorporation that restricts the amount of liability assumed by the shareholders of the firm. It refers to a legal framework that ensures that the liability of business members or subscribers is constrained to the amount of investment or commitment they have made in the company. A limited company is viewed as a person in the legal sense. As a result, shareholders' potential losses are restricted to the amount they invested, and their own assets and income are excluded.
A limited corporation will remain in existence until it is properly wound-up and has its own legal personality independent of individuals who "own" it. However, considering the company's directors' violations of health and safety laws, this will not prevent them from being held personally accountable.
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