Question

Under section 44 of the companies Act_________________.

• A. A private company can convert into public company
• B. A private company can wound up
• C. A public company can wound up
• D. None of the above

Answer 1

Answer: (A)

A private company can convert into public company

Section 44 of the Companies Act 2013: Nature of Shares or Debentures. The shares or debentures or other interest of any member in a company shall be movable property transferable in the manner provided by the articles of the company.