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प्रश्न
Briefly explain the following term: Perpetual succession
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उत्तर
It implies that a company will continue to exist until and unless it is forced by the law to wind up. This implies that a company, as a separate legal entity, cannot come to an end by itself and will continue to operate forever. It will not cease to exist even in situations such as death, retirement or insolvency of any of its members—that is, a company will continue to operate even if all its members die.
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संबंधित प्रश्न
Distinguish between Private Company and Public Company.
State true or false.
The ownership and management is not separated in a Joint Stock Company.
A company in which there are maximum 50 members.
Features of a Government company.
Private Company and Public Company
A company which is incorporated under Special Act of Parliament.
Features of Multinational Companies.
Select the proper option from the options given below and rewrite the completed sentence.
A joint stock company is an Artificial person created by ________.
Select the proper option from the options given below and rewrite the completed sentence.
The minimum numbers of persons required for the registration of a private company is ________.
Select the proper option from the options given below and rewrite the completed sentence.
The minimum number of Directors in a public company are ________.
Distinguish between the following.
Private Limited company and Public limited company
State with reasons whether the following statement true or false.
A joint stock company can raise huge capital.
Write short answer of the following.
State merits of Joint Stock Company.
Write short answer of the following.
State demerits of Joint Stock company.
Distinguish between: Private Company and Public Company
State the important privileges available to a private company.
