The document contains an exam paper for a Company Law course with multiple choice and subjective questions. The subjective question asks to provide a comprehensive note on the characteristics of a registered company. The response lists 10 key characteristics: 1) Separate legal existence, 2) Perpetual succession, 3) Limited liability, 4) Transferability of shares, 5) Common seal, 6) Separation of ownership and control, 7) Voluntary association, 8) Artificial legal person, 9) Corporate finance, and 10) Statutory regulation and control. The response provides details and examples for each characteristic.