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An organisation running a business has the following attributes: the assets belong to the organisation, it can create a floating charge over its assets, change in membership does not alter its existence, and members cannot transfer their interests to non-members. What type of organisation is it? 
  • a)
    A private limited company 
  • b)
    A limited liability partnership
  • c)
    A general partnerships 
  • d)
    A public limited company
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
An organisation running a business has the following attributes: the a...
Explanation:

  • The given organisation has the following attributes:


    • The assets belong to the organisation.

    • It can create a floating charge over its assets.

    • Change in membership does not alter its existence.

    • Members cannot transfer their interests to non-members.


  • Based on the above attributes, the type of organisation is a private limited company.

  • A private limited company is a type of business structure in which the company is privately held, and the liability of its members is limited to their shares.

  • It is a separate legal entity and the assets of the company belong to the company, not to the shareholders.

  • The company can also create a floating charge over its assets.

  • Change in membership does not affect the existence of the company, and members cannot transfer their interests to non-members.

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An organisation running a business has the following attributes: the assets belong to the organisation, it can create a floating charge over its assets, change in membership does not alter its existence, and members cannot transfer their interests to non-members. What type of organisation is it?a)A private limited companyb)A limited liability partnershipc)A general partnershipsd)A public limited companyCorrect answer is option 'A'. Can you explain this answer?
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An organisation running a business has the following attributes: the assets belong to the organisation, it can create a floating charge over its assets, change in membership does not alter its existence, and members cannot transfer their interests to non-members. What type of organisation is it?a)A private limited companyb)A limited liability partnershipc)A general partnershipsd)A public limited companyCorrect answer is option 'A'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about An organisation running a business has the following attributes: the assets belong to the organisation, it can create a floating charge over its assets, change in membership does not alter its existence, and members cannot transfer their interests to non-members. What type of organisation is it?a)A private limited companyb)A limited liability partnershipc)A general partnershipsd)A public limited companyCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An organisation running a business has the following attributes: the assets belong to the organisation, it can create a floating charge over its assets, change in membership does not alter its existence, and members cannot transfer their interests to non-members. What type of organisation is it?a)A private limited companyb)A limited liability partnershipc)A general partnershipsd)A public limited companyCorrect answer is option 'A'. Can you explain this answer?.
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