Page 55 - IC46 addendum
P. 55
The Insurance Times
20. Which of the following criteria are correct
in respect of a private company?
a. A company must have a minimum paid-up
share capital of Rs. 1 lakh.
b. Restriction of right to transfer it shares.
c. Limit the number of its member to 200, except
in case of one-person company.
d. When two or more persons hold one or more
shares in a company jointly, then they sell be
treated as single-member.
e. None is incorrect.
21. Which of the following criteria are correct
in respect of a public company?
a. Company which is not a private company and
has a minimum paid-up share capital of Rs.
5 lakhs.
b. A company which is subsidiary of a public
company shall be deemed to be a public
company, even if a subsidiary company is a
private company in its articles.
c. Public company may be a listed company or
an unlisted company.
d. Listed companies are those which get their
securities listed in any recognised stock
exchange in India.
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