Perpetual Succession
This feature of the company is self-explanatory from the term and the simple meaning of the term is that the company formed under the act will never die. The company will always remain in business even if the members of the company leave the company or retire from the company and even the death of a member of the company does not affect the continuity of the business. The members of the company can be replaced and the work of the company will continue. These things will not affect the identity of the company. The Companies Act, 2013 provides some sections in which the company can be legally wound up.