Question
10 persons incorporated a limited liability company by the name Trends Footwear limited company for carrying on a business of trade in Men footwear.
10 persons incorporated a limited liability company by the name "Trends Footwear limited company" for carrying on a business of trade in Men footwear. All of them subscribed to the shares of the company on an equal basis. One day, they planned to go for River Rafting and while doing the sport, they all together got dead in the deep water of the river. Will the company dissolve with the death of all its members? Justify your decision with the provisions of the Indian Companies Act, 2013.
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