Which of the following statement is true in relation to provisions of Companies Act, 2013?

In case of a private company, every member owing fully paid-up shares can freely transfer shares held by him subject to the provisions in the articles of the company.

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The liability of the members of a company is limited to the extent of the market value or nominal value whichever is less of the shares held by them.

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A company being a body corporate can sue but cannot be sued in its own name.

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The corporate veil can be lifted to see why company is making huge advertisement cost even if it is incurring losses.

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Solution

The correct option is A In case of a private company, every member owing fully paid-up shares can freely transfer shares held by him subject to the provisions in the articles of the company.
Repeated question

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Similar questions

Q. Statement A:
A company dies with the death of its shareholders.

Statement B:

In the case of a private company, every member owing fully paid-up shares can freely transfer shares held by him.

Select the coned the answer from the options given below-

Q. Which of the following statement is true and which is false?
P. A company being a body corporate can sue but cannot be sued in its own name.
Q. Members or shareholders are agents of a company. R. Members of a company cannot contract with company.
R. A partner's liability is always limited where as that of shareholder may be unlimited either by shares or a guarantee.

Select the correct the answer from the options given below-

P Q R

Q. The liability of the members of a company is limited to the extent of the _______ of the shares held by them.

Q. The liability of the member of the company is limited to the extent of the ________ of the shares held by them.

Q. According to the Companies Act,

2013

, a company may issue fully paid up bonus shares to its members, out of ___________.

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Which of the following statement is true in relation to provisions of Companies Act, 2013?

The correct option is A In case of a private company, every member owing fully paid-up shares can freely transfer shares held by him subject to the provisions in the articles of the company.Repeated question

The correct option is A In case of a private company, every member owing fully paid-up shares can freely transfer shares held by him subject to the provisions in the articles of the company.
Repeated question