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Question
Justify the following statement.
Shares of Private Limited Company are not freely transferable.
Solution
- According to the Companies Act, the right to transfer shares is restricted by its articles.
- Only a public limited company has the right to transfer shares freely.
- Thus, shares of Private Limited company are not freely transferable.
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Answer in one sentence.
What is the meaning of Private Company?
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
Correct the underlined word and rewrite the following sentence.
In Private Company, there are minimum 3 (Three) directors.
Distinguish between.
Private Limited Company and Public Limited Company.
