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Introduction to Debentures

The property ...

Question

The property of the company is property of the shareholder.

A

True

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B

False

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Solution

The correct option is B False
The property of the company is not the property of shareholders rather it is the property of its own. Company, being an artificial person and having existence in the eyes of law, can purchase and sell property in its own and it also has a common seal.

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