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Justify the following statement. Shares of Private Limited Company are not freely transferable. - Organisation of Commerce and Management

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प्रश्न

Justify the following statement.

Shares of Private Limited Company are not freely transferable.

टिप्पणी लिखिए

उत्तर

  1. According to the Companies Act, the right to transfer shares is restricted by its articles.
  2. Only a public limited company has the right to transfer shares freely.
  3. Thus, shares of Private Limited company are not freely transferable.
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अध्याय 4: Forms of Business Organisation - 1 - EXERCISE [पृष्ठ ९४]

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बालभारती Organisation of Commerce and Management (OCM) [English] 11 Standard Maharashtra State Board
अध्याय 4 Forms of Business Organisation - 1
EXERCISE | Q 6. 9) | पृष्ठ ९४

संबंधित प्रश्न

Give one word/phrase/term.
An elected body of representatives of co-operative Society for its day to day administrations.


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One man Show type of business organisation.


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The members of the Joint Hindu Family firm.


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A partner who gives his name to the partnership firm.


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The motto of the co-operative society.


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An organization which is service-oriented.


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A sole trading concern ensures _________ business secrecy.


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The members of Hindu undivided family business are called___________


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The head of joint Hindu Family Business is called as ___________


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Registration of partnership firm is _________ in Maharashtra


Select the correct option and rewrite the sentence.

The liability of the shareholders in the joint Stock Company is ________.


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A Joint Stock Company is an artificial person created by ________.


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Indian Co-operative Society’s Act was passed in ________.


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_________acts as a signature of the company.


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A B
______________ Minimum 7 and maximum unlimited

Answer in one sentence.

What is the meaning of Private Company?


Correct the underlined word and rewrite the following sentence.

In public company, shares are not freely transferrable


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