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XYZPvt. Ltd. is incorporated with only two shareholders, A and B, who also serve as its directors. Following the death of A, B continues to operate the company as the sole shareholder and director. What is the legal status of XYZ Pvt. Ltd. after A's death under the Companies Act, 2013?
The company shifts from a corporate setup to a sole proprietorship
The company remains valid but must add another member
The company undergoes immediate and automatic dissolution
The company may continue to operate with only one member
The company remains valid but must add another member
Practice and solve "XYZPvt. Ltd. is incorporated with only two shareholders, A and B, who also serve as its directors. F..." for Subject Knowledge - CCIManagement Trainee Accounts 01 Sep 2026 Shift 2. The correct answer is Option B: The company remains valid but must add another member. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "XYZPvt. Ltd. is incorporated with only two shareholders, A and B, who also serve as its directors. F..." for Subject Knowledge - CCIManagement Trainee Accounts 01 Sep 2026 Shift 2. The correct answer is Option B: The company remains valid but must add another member. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.