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What are the primary characteristics of a private company?a)It can have unlimited liability for its members.b)It must have at least seven members.c)It can have a maximum of fifty members.d)It is required to issue a prospectus for public subscription.Correct answer is option 'C'. 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 are the primary characteristics of a private company?a)It can have unlimited liability for its members.b)It must have at least seven members.c)It can have a maximum of fifty members.d)It is required to issue a prospectus for public subscription.Correct answer is option 'C'. 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 are the primary characteristics of a private company?a)It can have unlimited liability for its members.b)It must have at least seven members.c)It can have a maximum of fifty members.d)It is required to issue a prospectus for public subscription.Correct answer is option 'C'. Can you explain this answer?.

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