A corporation's existence is not affected by the death of whom?
AIts registrar of companies
BIts government regulator
CIts shareholders and directors
DIts auditors and lenders
Answer & Solution
Correct answer: C. Its shareholders and directors
A corporation continues indefinitely regardless of the death of its shareholders, directors or officers.
Keep practising Formation of a Company
Browse all Formation of a Company questions for Bihar Board Class 12 (Commerce), or explore more Business Studies topics.
Related questions
The company offering its shares in an IPO is known as what?What fee do underwriters keep from the proceeds of an IPO called?A listed company has 2 million shares outstanding at Rs 50 each. What is its market capitaMoney paid for newly issued shares in a primary offering goes to whom?Who typically underwrites an IPO?What is the process of a private firm offering shares to the public for the first time calA prospectus commonly includes which details about a company?Which document describes a security to potential buyers?