All the members of a company sitting in a general meeting were killed by a bomb. Was the company wound up?
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Answered by
34
as per separate entity concept. members can go and come but business have perpetual succession . company is different from its members .
therefore members killed by bomb company won't wound up ..
therefore members killed by bomb company won't wound up ..
Answered by
7
The company was greatly wound up, since all the human resource were destroyed and definitely the confidential information about the company gets lost, this brings down the company back to zero. If the company didnt have any sister company then its management should come up with new personnel to start up the new company.
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