When a company is registered and a Certificate of Incorporation is issued by the Registrar, it shall have the following effects :
The company shall become s Separate Legal Entity from the date mentioned on the Certificate of Incorporation, which is considered as date of birth of the company.
The Company acquires Perpetual Succession. The members may come, members may go, but it goes for ever.
The company becomes the owner of its property and the Promoters of Shareholders have the right to share in the profits of the company.
The company can sue and can be sued in its own name
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