Which form of organisation has the feature of Perpetual succession?
Answer & explanation
Correct answer: option 2
The correct answer is option 2- Joint stock company.
Only company form of organisation has this feature.
A company being a creation of the law, can be brought to an end only by law. It will only cease to exist when a specific procedure for its closure, called winding up, is completed. Members may come and members may go, but the company continues to exist.