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MCQs · Q2

Q.Which form of business organisation is registered under the Companies Act, 2013 and enjoys perpetual succession?

(a) Sole Proprietorship
(b) Partnership
(c) Joint Hindu Family Business
(d) Joint Stock Company
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A Joint Stock Company is created by registration under the Companies Act, 2013, and the law treats it as an artificial legal person separate from its shareholders. Because its existence does not depend on any particular owner remaining involved, the company continues even if shareholders change, retire, or pass away — this continuity is called perpetual succession. …

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