Multiple choice

Which of the following statements is incorrect?

a. A Karta in a Hindu Undivided Family does not have limited liability. b. A company is an artificial person, thus it cannot own property. c. A public company cannot start its business activities till the issue of the Certificate of Commencement of Business.

  1. Only a

  2. Only b

  3. Only c

  4. Both a and b

  5. Both a and c
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Though a company is an artificial person, it can still enter into contracts and buy and own property. Hence, this is the only incorrect statement.

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