Separate Legal Entity
This is one of the best features of a company. When an entity is registered as a company by the rules and laws established under the Companies Act, 2013 then only the entity gets the identity of a Separate Legal Entity. This feature provides the company with all the rights that a human being of that country enjoys. They get the power to sue any company individually, they can also acquire property, they can open a bank account in their name, and also can get loans from banks in their name. The members who joined together to form the company will be part of the company but can never say that they own the company entirely. Members can leave the organization and can join another organization but the identity of the organization stands still.