Advertisements
Advertisements
Question
Which of the following is not governed by a specific act?
Options
Sole Proprietorship
Partnership
Company
Co-operative Society
MCQ
Advertisements
Solution
Sole Proprietorship
Explanation:
Sole proprietorship is not governed by any specific Act, whereas:
- Partnership – Indian Partnership Act, 1932
- Company – Companies Act, 2013
- Co-operative Society – Co-operative Societies Act, 1912
shaalaa.com
Is there an error in this question or solution?
Chapter 17: Various Business Entities - EXERCISES [Page 253]
