Question

Members may come and go, but the company continues to exist. Which feature of
Joint Stock Company is referred above ?
a)perpetual succession
b)separate legal entity
c)risk bearing
d)formation ​

Answer 1

Answer:

option a perpetual succession

Answer 2

The feature is perpetual succession

• In company law, it is described as the persistence of a corporation's presence notwithstanding mortality, insolvency, or other circumstances.
• A change in membership or an exit from the business of any owner or member, or any transfer of stock, among other things is also included.
• Because the joint stock company is based on the rule of law, the only way for it to come to an end is by various procedural laws.
• As a result, the life of a firm is unrelated to the lives of its employees.
• A company's members or stockholders change throughout time, although this has no bearing on the company's survival.