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Question

Registration is compulsory for ________.


A
club
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B
company
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C
HUF
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D
proprietorship
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Solution

The correct option is B company
Mandatory Company Registration. Hence, a business with any amount of turnover or capital can be operated as a Proprietorship or Partnership or Limited Liability Partnership or Private Limited Company. However, the Companies Act 2013, does require mandatory company registration

Business Studies

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