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Subject KnowledgeCCI Management Trainee Accounts 01 Sep 2026 Shift 2
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Which of the following describes the concept of 'perpetual succession' under the Companies Act, 2013?

A

Mandatory annual renewal of registration of corporate status

B

Instant transfer of shares during the transitions of directors

C

Automatic closure of company on the death of any member

D

Continuous existence irrespective of membership changes

Correct Answer

๐Ÿ“š GK โ€ข GK Verified SolutionSubject KnowledgeCCI Management Trainee Accounts 01 Sep 2026 Shift 2
Option D

Continuous existence irrespective of membership changes

Quick Summary:

Practice and solve "Which of the following describes the concept of 'perpetual succession' under the Companies Act, 2013..." for Subject Knowledge - CCIManagement Trainee Accounts 01 Sep 2026 Shift 2. The correct answer is Option D: Continuous existence irrespective of membership changes. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.

Concept & Solution

Practice and solve "Which of the following describes the concept of 'perpetual succession' under the Companies Act, 2013..." for Subject Knowledge - CCIManagement Trainee Accounts 01 Sep 2026 Shift 2. The correct answer is Option D: Continuous existence irrespective of membership changes. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.

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