Which of the following statements about proprietary companies is not true?
A) It can be distinguished from a public company based on the maximum number of shareholders.
B) It cannot undertake fundraising activities that require the issue of a prospectus.
C) It is not subject to as many obligations as a public company under the Corporations Act.
D) It must be either a 'major proprietary company' or a 'minor proprietary company'.
Correct Answer:
Verified
Q1: Which of the following is not a
Q2: The secretary of a company:
A)is responsible for
Q3: What is a share?
A)A legal claim against
Q5: What is the difference between a company
Q6: A 'floating charge' is security for a
Q7: The company is the most common form
Q8: Which of the following is not a
Q9: Which of the following statements about companies
Q10: Which of the following statements about a
Q11: What is a 'company charge'?
A)A charge given
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