Multiple choice

A private company has two shareholders who are also the directors of the company. They die in an accident. The

  1. company will be run by their legal heirs

  2. company will invite public to be shareholders who will choose new directors

  3. company will still exist

  4. advice of Company Law Board will be sought

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

If the directors of a company die in an accident, the company will still exist.