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What is the key difference between a registered company and an unregistered company?
  • a)
    A registered company has limited liability for its members, while an unregistered company has unlimited liability.
  • b)
    A registered company is formed and registered under the Companies Act, while an unregistered company is not legally recognized.
  • c)
    A registered company has a larger number of members than an unregistered company.
  • d)
    A registered company is always a public company, while an unregistered company is always a private company.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the key difference between a registered company and an unregis...
A registered company is one that has gone through the legal process of incorporation under the Companies Act. It has legal recognition and distinct characteristics. On the other hand, an unregistered company lacks legal recognition and protection.
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What is the key difference between a registered company and an unregistered company?a)A registered company has limited liability for its members, while an unregistered company has unlimited liability.b)A registered company is formed and registered under the Companies Act, while an unregistered company is not legally recognized.c)A registered company has a larger number of members than an unregistered company.d)A registered company is always a public company, while an unregistered company is always a private company.Correct answer is option 'B'. Can you explain this answer?
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What is the key difference between a registered company and an unregistered company?a)A registered company has limited liability for its members, while an unregistered company has unlimited liability.b)A registered company is formed and registered under the Companies Act, while an unregistered company is not legally recognized.c)A registered company has a larger number of members than an unregistered company.d)A registered company is always a public company, while an unregistered company is always a private company.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the key difference between a registered company and an unregistered company?a)A registered company has limited liability for its members, while an unregistered company has unlimited liability.b)A registered company is formed and registered under the Companies Act, while an unregistered company is not legally recognized.c)A registered company has a larger number of members than an unregistered company.d)A registered company is always a public company, while an unregistered company is always a private company.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the key difference between a registered company and an unregistered company?a)A registered company has limited liability for its members, while an unregistered company has unlimited liability.b)A registered company is formed and registered under the Companies Act, while an unregistered company is not legally recognized.c)A registered company has a larger number of members than an unregistered company.d)A registered company is always a public company, while an unregistered company is always a private company.Correct answer is option 'B'. Can you explain this answer?.
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