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What Is a Share?

Where two or ...

Question

Where two or more persons hold one or more shares in a private company jointly, they shall be counted as a __________ member.

A

Single

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B

Double

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C

One and half

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D

Separate

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Solution

The correct option is B Single
When a person holds one or more shares jointly with one or more person(s) in a Company, he/she is called Joint shareholder. Since a Joint Shareholder is different person, but in relation to private limited companies, joint shareholders are considered as a single member.

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