Is Flower Fans Private Limited no longer in existence?

CA Foundation · Business Laws · RTP · September 2025
Is Flower Fans Private Limited no longer in existence?

Suggested Answer and Working Notes:

Perpetual Succession - A company on incorporation becomes a separate legal entity. It is an artificial legal person and have perpetual succession which means even if all the members of a company die, the company still continues to exist. It has permanent existence. The existence of a company is independent of the lives of its members. It has a perpetual succession. In this problem, the company will continue as a legal entity. The company's existence is in no way affected by the death of all its members.

Topics: The Companies Act, 2013

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