Which is not a feature of sole proprietorship. Unlimited liability limited managerial ability Ease of formation Quick decision making?

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Which is not a feature of sole proprietorship. Unlimited liability limited managerial ability Ease of formation Quick decision making?

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Which is not a feature of sole proprietorship. Unlimited liability lim...

Limited Managerial ability

Answered by Freedom Institute · View profile

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Which of the following would generally have unlimited liability?

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Which of the following is EXCLUDED from the advantages of sole proprietorship?

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FAREB Limited was incorporated by acquisition of Fareb & Co., a partnership firm, which was earlierinvolved in many illegal activities. The promoters furnished some false information and also suppressedsome material facts at the time of incorporation of the company. Some members of the public (not beingdirectors or promoters of the company) approached the National Company Law Tribunal (NCLT) againstthe incorporation status of FAREB Limited. NCLT is about to pass the order by directing that the liabilityof the members of the company shall be unlimited.?

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FAREB Limited was incorporated by acquisition of Fareb & Co., a partnership firm, which was earlierinvolved in many illegal activities. The promoters furnished some false information and also suppressedsome material facts at the time of incorporation of the company. Some members of the public (not beingdirectors or promoters of the company) approached the National Company Law Tribunal (NCLT) againstthe incorporation status of FAREB Limited. NCLT is about to pass the order by directing that the liabilityof the members of the company shall be unlimited.Given the above, advice on whether the above order will be legal and mention the precaution to be takenby NCLT before passing order in respect of the above as per the provisions of the Companies Act, 2013.?

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Two individuals want to start an organisation but have a limited liability. What form of business organisation is this?

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