What Is A Company?
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Amruta
A compnay is defined as an artificial legal person, formed by a legal person or a group of persons to engage in or carry on a business or industrial enterprise.
A company has following features:
1. Incorporated association: A company should be registered under a Companies Act for its existence.
2. Artificial Legal Person: In law, a company has all the rights that a real person posseses.
3. Separate Legal Entity: A company is liable to be its debts to creditors and can be sued for their deeds.
4. Perpetual existence: Companys life does depend on its members life.
5. Common Seal: As company is an artificial legal person, it uses its common seal as substitute to signature
You can read https://www.feedough.com/what-is-a-company-meaning-types-features-of-a-company/ for better understanding of the topic.