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प्रश्न
What is perpetual succession?
लघु उत्तरीय
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उत्तर
A company is created by the law and can only be dissolved by the law. Its existence is not dependent on the lives of its members. A company's survival is unaffected by member death, insolvency, or psychological disorders. Even if all members pass away, the organisation remains intact. Although members may leave, the company will continue to operate until it is closed.
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