Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Legal Aspects of Business The Companies Act, 2013
Consider the following statement
A company can be compared to a river, which maintains its identity. Although its the parts from which it is made are constantly changing.
Which of the following characteristics of the company is implicit in the above statement?
1
Limited liability
2
Artificial legal person
3
Continuous succession
4
Separate property