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
Q10: Which of the following statements about a
Q11: What is a 'company charge'?
A)A charge given
Q12: A 'debenture' is:
A)a type of ordinary share.
B)a
Q13: The Australian Securities and Investment Commission, or
Q14: One of the main attractions of the
Q16: Which of the following is not a
Q17: A 'separate legal entity' is not necessarily
Q18: Which of the following persons or entities
Q19: The essential difference between a fixed charge
Q20: Which of the following is not a
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