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Companies Act, 1956 PDF
Companies Act, 1956 PDF
Companies Act, 1956 PDF
4.Perpetual Existence
The death, insolvency or retirement of its members leaves
the company unaffected. Members may come and go but
the company can go forever.
6. Transferability of shares
Business is separate from its members in a
company form of organization, it facilitates
the transfer of member‟s interest.
7. Common seal
Separate and independent legal existence