Question

Comment on the following :-
i) Meeting of X Ltd. was going on in which all the members of
the company were present suddenly a natural calamity
occurred and all the members of the company X Ltd. died.
What would happen to the existence of the company 'X' Ltd.
Why?
ii) The company being an artificial person acts through its Board
of Directors. All teh agreements on behalf of the company are
entered by the Board of Directors. When is an agreement
entered by the Board of directors not legally binding on the
company​

Answer 1

Answer:

X Ltd. Company will even exist after the death of all the members of the company. Because this company was created under law and now law will only be dissolving this issue.

all the agreements on behalf of the company are entered by the board of directors .