A proprietary company is similar to a public company in that:
A) It is privately owned.
B) It cannot have more than 50 non-employee shareholders.
C) It is prohibited from selling its shares to the public.
D) It must have a statutory minimum number of directors and members.
Correct Answer:
Verified
Q1: A 'floating charge' is security for a
Q3: What is a share?
A)A legal claim against
Q4: What is the difference between a company
Q4: Which of the following statements about proprietary
Q8: Which of the following is not a
Q9: A 'debenture' is:
A)A type of ordinary share.
B)A
Q11: The secretary of a company:
A)Is responsible for
Q14: One of the main attractions of the
Q16: Which of the following is not a
Q20: Which of the following is not a
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