A company started without share capital is called ……………………………………… and thecompany prohibited to issue the shares to public is called as ……………………………………………..(b) Legal personality of a company is created through company act and through …………………………...
Question
A company started without share capital is called ……………………………………… and thecompany prohibited to issue the shares to public is called as ……………………………………………..(b) Legal personality of a company is created through company act and through …………………………...
Solution
(a) A company started without share capital is called a "Non-Share Capital Company" and the company prohibited to issue the shares to the public is called a "Private Company".
(b) Legal personality of a company is created through the company act and through "Incorporation".
Similar Questions
The concept of _______ introduced by Companies and Allied Matters Act 2020 is a greater departure from the traditional approach to company share capital.Question 9Answera.founder\'s share capitalb.authorised share capitalc.preference share capitald.minimum issued share capital
Which form of business organization is a legal entity formed by selling shares of stock to investors?Multiple choice question.The corporationThe syndicateThe sole proprietorshipThe general partnership
Shares held by the public are termed _________________. *1 pointTransfer of ownershipSecuritiesCommercial banksSecondary marketsOther than the financial institutions
A piece of ownership in a company like McDonald's, IBM, Walmart, or Microsoft is a called a share of _________________________.liabilitystockprofitrisk
Discuss the procedure for the incorporation of companies under the Companies Act.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.