Business Studies · Forms of Business Organisations
As per the Companies Act, 2013, a public company is defined as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A company which has limited the maximum number of its members to 200
- 2A company which is prohibited from inviting the public to subscribe to its shares
- 3A company which has strict restrictions on the transferability of its shares
- 4A company which is not a private company✓
Correct answer
A company which is not a private company
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