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Introduction to Debentures

Which company...

Question

Which company gives its members a right to transfer his shares?

A

Public

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B

Private

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C

Government

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D

None

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Solution

The correct option is C Public
In the case of Public Limited Company, the shares are freely transferable but it is not so in private limited company.

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Similar questions

Q. A company restricts the right of members to transfer their shares.

Q. A partner can transfer his interest so as to substitute the transferee in his place as the partner, without the consent of all the other partners; a member of company cannot transfer his share to any one he likes.

Q. A private company means a company which by its articles _______
(i) Restricts the right to transfer its shares
(ii) Limits the number of members to two hundred not including past and present employee
(iii) Prohibits any invitation to the public to subscribe for any security
Select the correct answer from the options given below:

227 (2)

of the Companies Act, requires the auditor to give his report to the members of the company on certain matters. Which of the following is not included in the given?

Q. Mr. Y a member of Company XYZ makes a contract with his company XYZ _______________.

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