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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.
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Government companies are registered under special legislation.
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Select the proper option from the options given below and rewrite the completed sentence.
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Select the proper option from the options given below and rewrite the completed sentence.
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Select the proper option from the options given below and rewrite the completed sentence.
Registration of a Joint stock company is ________.
Select the proper option from the options given below and rewrite the completed sentence.
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Distinguish between the following.
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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.
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Briefly explain the following term: Artificial person
