Benefits of Company Registration caplus.in

Company can be defined as an artificial person, invisible, intangible, created by or under law, with a distinct legal personality, perpetual succession, and a common seal. It is not affected by the death, insanity, or insolvency of an individual member.

Legal Entity: A company is a legal entity which has real existence. It is an artificial person created by law, its existence is separate from its directors and shareholders. It is a juristic person established under the companies act.

Perpetual Succession: Perpetual succession means continuing or enduring forever, the company is everlasting. It denotes continuous existence of a corporation or company till it is dissolved legally. Perpetual succession is an important factor. .

Limited Liability: Limited Liability is a legal responsibility towards a limited amount of debts. The liability of the members with reference to company’s debts are limited i.e.; limited to the face value of the share purchased by them.