Question

what do u mean by perpectual succession?

Answer 1

In company law, perpetual successionis the continuation of a corporation's or other organization's existence despite the death, bankruptcy, insanity, change in membership or an exit from the business of any owner or member, or any transfer of stock,etc

Answer 2

Continuation of an incorporated firm's existence, unaffected by the death of any of its owner(s) or the transfer of its shares to a new entity