On the basis of registration and number of members, companies are classified into:
Section 3(1) of the Companies Act, 2013 allows a company to be formed as a public company by seven or more persons, a private company by two or more, or a One Person Company…
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On the basis of registration and number of members, companies are classified into:
Answer and explanation
Correct answer B
Section 3(1) of the Companies Act, 2013 allows a company to be formed as a public company by seven or more persons, a private company by two or more, or a One Person Company by one person. Statutory and registered companies are distinguished by mode of incorporation, and holding, subsidiary and associate companies by control.
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