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Death of company all members

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(Querist)
15 June 2016 In an accident all members of a company died. Does the compnay still exist ? Please Give reasons.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
15 June 2016 Yes the company still exist. Legal heirs of the members can be the members of the company. Company is a perpetual entity will exist despite death of its members.
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