Law · Company Law

Which of the following statements about a company is NOT true?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1A company can own property and enter into contracts in its own corporate name.
2It is possible for a company to be convicted of certain criminal offences.
3The shares of all public limited companies must be listed and quoted on a recognized stock exchange.✓
4A company is a separate legal person distinct from its members.

Correct answer

The shares of all public limited companies must be listed and quoted on a recognized stock exchange.

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