Economics · Company Law

Which of the following statements is correct regarding business regulations in India?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Private company shares are freely tradable on public stock exchanges
2The liability of a partner in a general partnership is limited to the extent of their share capital
3The Companies Act, 2013 provides for the constitution of a One Person Company (OPC)✓
4Providing free medical aid by a doctor is an economic activity

Correct answer

The Companies Act, 2013 provides for the constitution of a One Person Company (OPC)

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