Which of the following is not a feature of a Company?

The company being an artificial person, can sign its name by itself.

The correct answer is Option (4) → The company being an artificial person, can sign its name by itself.

The company, being an artificial person created by law, cannot sign its name by itself. It expresses its will and enters into contracts through the natural persons (Directors or authorized officers) acting on its behalf, authenticated by the company's Common Seal (though the use of the common seal is now optional under the Companies Act, 2013, it must be signed by authorized signatories).

The other options are all essential features of a company:

• A company is formed according to the provisions of Law enforced from time to time: (True) A company is an artificial person created by law (e.g., the Companies Act, 2013).

• A company has a separate legal entity which is distinct and separate from its members: (True) This is the principle of Separate Legal Entity. The company is a distinct legal person from its shareholders.

• The liability of the members of the company is limited to the extent of unpaid amount of the shares held by them: (True) This is the key characteristic of Limited Liability for shareholders in a limited company.