Which of the following does not have any effect on the existence of the company?

Death of a member

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Insolvency of a member

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Insanity of a member

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All the above

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Solution

The correct option is D All the above
Perpetual Existence – The existence of a Company is not affected by the retirement, death, lunacy or insolvency of its members. Shareholders may come and Shareholders may go but the Company goes on forever, unless wound up according to Companies Act.

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