Q341
In the eyes of law, a private company will be deemed to be a public company, if
A.
its membership increases beyond seven
B.
its paid-up capital becomes more than Rs. 50 lakhs
C.
its directions fail to take up qualifying shares within specified period
D.
more than 25% of its paid-up share capital is held by a body corporate
AnswerAnswer: Option D
Solution
Answer: Option D
No explanation is given for this question Let's Discuss on Board