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Explain in brief about perpetual succession

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Explain in brief about perpetual succession

Posted by Kartik Bansal 5 years, 4 months ago

CBSE > Class 11 > Business Studies

1 answers

Yogita Ingle 5 years, 4 months ago

Perpetual succession : A company being a creation of the law, can be brought to an end only by law. It will only cease to exist when a specific procedure for its ClBsure, called winding up, is completed. Members may come and go out, but the company continues to exist.

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