The correct answer is: Section 2(4).
A company is a legal entity that is separate from its owners. It is
created by law and has its own rights and responsibilities. Companies are often used to conduct business, but they can also be used for other purposes, such as charitable giving or social activism.The Companies Act 2006 is the primary legislation governing companies in the United Kingdom. It sets out the requirements for forming and running a company, as well as the rights and responsibilities of company directors and shareholders.
Section 2(4) of the Companies Act 2006 defines a company as “an association of one or more persons having a common seal and having the power to acquire, hold and dispose of property and to sue and be sued in its own name”.
The other options are incorrect because they do not define a company. Section 3(1) of the Companies Act 2006 sets out the requirements for forming a company. Section 4(2) of the Companies Act 2006 sets out the requirements for a company’s constitution. Section 1(3) of the Companies Act 2006 sets out the purpose of the Act.