Advertisements
Advertisements
Question
Justify the following statement.
Shares of Private Limited Company are not freely transferable.
Advertisements
Solution
- According to the Companies Act, the right to transfer shares is restricted by its articles.
- Only a public limited company has the right to transfer shares freely.
- Thus, shares of Private Limited company are not freely transferable.
APPEARS IN
RELATED QUESTIONS
Give one word/phrase/term.
The owner is the sole manager and decision maker of his business.
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
Give one word/phrase/term.
There is a free transferability of shares in this company.
Select the correct option and rewrite the sentence.
The liability of the shareholders in the joint Stock Company is ________.
Select the correct option and rewrite the sentence.
A Joint Stock Company is an artificial person created by ________.
Indian Co-operative Society’s Act was passed in ______.
Select the correct option and rewrite the sentence.
_________acts as a signature of the company.
Match the pairs.
| Group ‘A’ | Group ‘B’ |
| A) Private Company | 1) Karta |
| B) Public Company | 2) Local Market |
| C) Common Seal | 3) 1932 |
| D) Partnership Act | 4) Maximum 200 members |
| E) Joint Hindu Family Firms | 5) One Man Show |
| 6) Minimum Seven members | |
| 7) Minimum 10 members | |
| 8) Signature of Company | |
| 9 ) Maximum 100 members | |
| 10) Manager |
Complete the sentence.
Private sector enterprises are owned and managed by the _____________
Select the correct option:
| A | B |
| Minimum 2 and maximum 200 | _____________ |
Select the correct option:
| A | B |
| Minimum 10 and maximum no limit | _____________ |
Select the correct option:
| A | B |
| ______________ | Minimum 7 and maximum unlimited |
Answer in one sentence.
What is the meaning of Private Company?
Answer in one sentence.
What do you mean by a Public company?
Correct the underlined word and rewrite the following sentence.
In Private Company, there are minimum 3 (Three) directors.
Distinguish between Private Limited Company and Public Limited Company.
Which industry is strongly influenced by India’s private sector growth?
What advantage does a joint stock company have over other forms of private sector organisations?
Which feature of private sector organisations states that businesses are managed by owners or professionals?
