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Forms Of Business Organization
Question
What do you understand by a Private Company?
Solution
A private company means a company which:
(a) restricts the right of members to transfer its shares;
(b) has a minimum of 2 and a maximum of 50 members, excluding the present and past employees;
(c) does not invite public to subscribe to its share capital; and
(d) must have a minimum paid up capital of Rs.1 lakh or such higher amount which may be prescribed from time-to-time.
Some More Questions From Forms of Business Organization Chapter
What is the meaning of Partnership organization?
Can a Partnership firm have a minor partner ?
Define partnership deed.
What do you understand by co-operative society?
Define company.
What do you understand by a Private Company?
What do you understand by a Public Company?
Under what circumstances, is a partnership form of business organisation suitable ?
Write a short note on 'implied agency', one of the important characteristics of partnership and also true test of partnership.
Would you say that the sole proprietorship involves a lengthy and expensive procedure for its registration?
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Mock Test Series
Mock Test Series