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Business Studies

Types of Partners , Partnership and Companies

A company res...

Question

A company restricts the right of members to transfer their shares.

A

private

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B

public

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C

joint stock

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Solution

The correct option is A private
A private company restricts the right of members to transfer their shares.

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Q. A private company means a company which by its articles _______
(i) Restricts the right to transfer its shares
(ii) Limits the number of members to two hundred not including past and present employee
(iii) Prohibits any invitation to the public to subscribe for any security
Select the correct answer from the options given below:

Q. Which company gives its members a right to transfer his shares?

Q. The liability of members of a Joint Stock Company is unlimited.

Q. The liability of the members in a Joint Stock Company is __________.

Why is the freedom of operation restricted in a joint stock company?

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