Practicing Success
Which of the following is a feature of a private company? |
Restriction on transferability of shares Maximum no of members is 200 At least 2 person All of these |
All of these |
The correct answer is option 4- All of these. A Company is a legal entity formed individuals, shareholders, or investors coming together to conduct business for profit. The features of a company can vary based on its type (e.g., private , public, limited by shares, limited by guarantee) and the jurisdiction in which it operates. A private company is one which by its articles of association: Thus, all are features of private company so correct answer is option 4 i.e. all of these. |