Multiple choice

Which of the following priveleges is not available to a private company?

  1. It need not hold a statutory meeting and file a statutory report

  2. It need not keep an index of members

  3. It need not appoint directors

  4. It can proceed to allot shares without having to wait for 'minimum subscription'
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

 This privelege is not available to a private company. Whether the company is private or public, it must appoint directors. 

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