CA Foundation doubt

false

Five persons are the only members of a private company Flower Fans Limited. All of them go in a boat on pleasure trip into an open sea. The boat capsizes and all the 5 die being drowned. 1) Is the private company Flower fans limited no longer in existence? 2) Futher is it correct to say that a company being an artificial peron cannot be own property and cannot sue or be sued? Explain with reference to the provisions of Companies Act, 2013. What provision will come to above question.. a) private company, Prepectual sueession& artificial legal person b) prepectual sueession &artificial legal person

Asked by Asavari23 Sept 2024323 views