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Business Studies

Types of Partners , Partnership and Companies

Under section...

Question

Under section 44 of the companies Act_________________.

A

A private company can convert into public company

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B

A private company can wound up

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C

A public company can wound up

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D

None of the above

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Solution

The correct option is B 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.

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