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What is the legal status of a registered company under the Companies Act, 2013, once it is incorporated?a)It is considered an agent of its shareholders.b)It becomes a distinct legal person separate from its members.c)It has no perpetual existence and dissolves once the shareholders change.d)It is considered a department of the Central Government if all shares are held by it.Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about What is the legal status of a registered company under the Companies Act, 2013, once it is incorporated?a)It is considered an agent of its shareholders.b)It becomes a distinct legal person separate from its members.c)It has no perpetual existence and dissolves once the shareholders change.d)It is considered a department of the Central Government if all shares are held by it.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the legal status of a registered company under the Companies Act, 2013, once it is incorporated?a)It is considered an agent of its shareholders.b)It becomes a distinct legal person separate from its members.c)It has no perpetual existence and dissolves once the shareholders change.d)It is considered a department of the Central Government if all shares are held by it.Correct answer is option 'B'. Can you explain this answer?.

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