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Commerce · Q903

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 903

Q903

Which of the following statements are true in context of a company under Company Act, 2013? 1. A member of a company must be a shareholder of a company. 2. Proxies are not to be included while counting the quorum of a meeting of a company. 3. The maximum number of directors in a public as well as private company is 15. 4. In case of a private company, there is no restriction to transfer the shares.

A.
1, 2 and 3
B.
2 and 3
Answer
C.
1 and 3
D.
1, 2, 3 and 4

Answer: Option B

Solution

Answer: Option B
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