Explain the following terms. Also mention the name of organisation they are related to
Perpetual successIon
Common Seal
Karta
Artificial person
Partner by holding out
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Joint stock company has perpetual succession. Members may come and members may go but the company continuous to exist. Company being a creation of the law can be brought to an end only by the law. Joint stock company being an artificial person operates through its Board of Directors which acts through the common seal.
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