Perpetual succession is the continuation of a corporation's or other organization's existence despite the death, bankruptcy, insanity, change in membership or an exit from the business of any owner or member, or any transfer of stock,etc

{a} a Hindu Undivided family is comprised of family members running a business. ...the existence of a HUF is Perpetual. The death or retirement of one member of even the Karta ( the head of HUF )will not affect it, and it will continue on....
and....{b} in case of a company also there's no matter of bankruptcy, death of shareholders or any kind of transfer of stock ... company business continues irrespective of that kind of situation.......
{C} corporative society can also enjoy Perpetual succession like HUF and companies...

so i think opt.(D) should be the right answer.

**Answer:**

The business organisation that does not follow the concept of perpetual succession is **HUF (Hindu Undivided Family)**.

**Explanation:**

Perpetual succession refers to the continuous existence of a business entity, even in the event of changes in its members or ownership. It ensures that the business operates smoothly and is not affected by the death, retirement, or insolvency of its members.

A Hindu Undivided Family (HUF) is a form of business organisation that is governed by Hindu law and is primarily found in India. HUF is created by the coming together of members of a Hindu family who are lineal descendants of a common ancestor. It is established through a legal process, known as partition, where the family's property is divided among its members.

**Reasons why HUF does not follow perpetual succession:**

1. **Limited membership**: HUF has a limited number of members, typically comprising immediate family members such as father, sons, grandsons, and so on. The membership is restricted to the male lineage and their wives.

2. **Division of property**: In an HUF, upon the death of the head of the family, the property is partitioned among the surviving members. Each member receives a share in the property, and they become separate entities with their own properties.

3. **No continuity of ownership**: With the partition of property, the HUF ceases to exist as a joint family business entity. The ownership and control of the property are divided among the individual members, and they become separate legal entities.

4. **No perpetual existence**: Since the HUF is dissolved upon the partition of property, it does not have perpetual succession. In other words, the HUF does not continue to exist as a single entity beyond the lifetime of the head of the family.

In contrast, other business organizations like companies and cooperative societies have perpetual succession. Companies have a separate legal identity, and their existence is not affected by changes in ownership or management. Cooperative societies, on the other hand, have a democratic structure where members can join or leave without affecting the continuity of the organization.

Therefore, the correct answer to the question is **(a) HUF**.