Death, insolvency and insanity or change of members as no effect on the life of a company. It can come to an end only through the prescribed legal procedure.
A. Incorporated association
B. Separate Legal Existence
C. Perpetual Existence
D. Separation of ownership and control
Answer:C
Death, insolvency and insanity or change of members as no effect on the life of a company. It can come to an end only through the prescribed legal procedure.
A. Incorporated association B. Separate Legal Existence C. Perpetual Existence D. Separation of ownership and control