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Question
Answer in one sentence.
What is the meaning of Private Company?
Solution
A Private Limited company is a company which by its articles restricts the right to transfer share, limits the maximum number of members to 200.
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_________acts as a signature of the company.
Match the pairs.
| Group ‘A’ | Group ‘B’ |
| A) Private Company | 1) Karta |
| B) Public Company | 2) Local Market |
| C) Common Seal | 3) 1932 |
| D) Partnership Act | 4) Maximum 200 members |
| E) Joint Hindu Family Firms | 5) One Man Show |
| 6) Minimum Seven members | |
| 7) Minimum 10 members | |
| 8) Signature of Company | |
| 9 ) Maximum 100 members | |
| 10) Manager |
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| A | B |
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| A | B |
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Answer in one sentence.
What do you mean by Public company?
Correct the underlined word and rewrite the following sentence.
In public company, shares are not freely transferrable
Distinguish between.
Private Limited Company and Public Limited Company.
