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The term company is defined under which sec of the Act?
Section 3 (1) (i) of the Companies Act, 1956 Section 2(20) of the companies act, 2013 (As per new applicable law in India)
Which company shares can be freely transferable
Free transferability of shares in public. restricts the right to transfer its shares, if any; While public company is a company which is not a private company and moreover, the shares of a public company are freely transferable.
Maximum no. of members in case of private company is
Minimum 2 and maximum 200 members: A private company can have a minimum of just two members (but just one is enough if it a One Person Company), and a maximum of up to 200 members. Transferability of shares restricted: Private companies cannot freely transfer their shares to the public like public companies.
How many months did the company can continue its business u/s 45 _______
Correct Answer :- D
Explanation : Under section 45, Company can continue its business upto one and a half month.
If minimum subscription is not received application money should be refunded with in ______days
Liability of a member in case of a private company is
The liability of the members of a Private Limited Company is limited to the amount of shares respectively held by them. Shares of Private Limited Company cannot be publically traded.
Maximum no. of persons in case of partnership banking business ______
Minimum paid up share capital in case of a private company is _______
Minimum paid up share capital in case of a public company is ________
Minimum number of Directors in case of a public company is __________
Minimum number of Directors in case of private company is _______
Age limit of Directors in case of public company is ______
Age limit of Directors in case of private company is _________
The liability of members if company is limited by guarantee.