KASNEB CS21 Practice Questions - KASNEB Certified Secretaries (CS) Intermediate - Company Law (CS21) Exam

Under the Companies Act, 2015, which characteristic distinguishes a company from a sole proprietorship?

Separate legal personality distinct from its members Unlimited liability of the owner for business debts No requirement to register with any authority Profits taxed only in the hands of the proprietor

Correct Answer:

Separate legal personality distinct from its members

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