The distinctive feature of a joint stock company, 'Perpetual Succession', shows:
1
Uninterrupted business in spite of continuous losses
2
Resistance to the instructions of the Government for winding up of the company
3
In the annual general meeting of the company, the resistance to the resolution passed for winding up the company
4
The uninterrupted existence of the company is not affected by the death or insolvency of any member of the company.