"Members may come ,members may go, But the company goes on for ever. " Identify the relevant feature and explain it.
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Answer:
A company enjoys Perpetual succession.
Explanation:
Perpetual Succession" in a company is best defined by this line -
Members may come and go but the company goes on forever.
It is one of the fundamentals of a company's existence. Perpetual succession means that a company's life is not determined by the longevity of its members, shareholders, promoters, directors, employees or anyone else. If a shareholder dies, or hypothetically, all the shareholders die, only their shares in the company will be transferred to new people. If even a key director resigns, she will be replaced but the company will continue on.
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Answer:
employ.................
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