This paper aims to clarify the relationship between perpetual succession and individual perpetual succession is the continuation of a company’s or other association’s presence in spite of the demise, liquidation, insanity, change in enrollment or a way out from the matter of any proprietor or part, or any exchange of stock.
The paper opted for a study using the related case studies. Moreover, this paper has all the necessary examples that are required for perpetual succession.
The paper provides that any adjustment in participation of a company does not affect the status of the company, death, insolvency, insanity and so forth of any member from a company does not influence the progression of the company. Thus, the life of the company does not rely on the life of its member directors. It may proceed forever, independent of continuity of its members or directors except in case of winding up or liquidation of a company.
This paper is to study how perpetual succession limits the scope of an individual.
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