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Existence of Private Company

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14 Points Posted on 22 September 2020
Four persons are the only members of a private company. All of them go for trip in a car. and due to an accident all the four die. Then does the private company exist..????
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On 22 September 2020 at 20:57 Report
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113 Points Posted on 22 September 2020
Yes... As company is an artificial individual person.. in this case legal heirs of the members will be the new members of the company, by way of transmission of shares.
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On 22 September 2020 at 23:19
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14 Points Posted on 24 September 2020
Thank You
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On 24 September 2020 at 15:43
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delhi
720 Points Posted on 24 September 2020
Yes transmission of share should be done
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On 24 September 2020 at 23:47


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