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Government Company Types
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Government Company Types

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Questions and Answers

Which type of company in India has members with unlimited liability?

  • Company limited by guarantee (correct)
  • Listed company
  • Public company
  • Private company

    • What is the key feature of a dormant company?

  • It is not required to pay taxes
  • It has no shareholders
  • It is not required to file annual accounts and returns (correct)
  • It has no employees

    • In which type of company do the members have a guarantee, rather than a share capital, to contribute in case of insolvency?

  • Dormant company
  • Associate company
  • Company limited by guarantee (correct)
  • Listed company

    • What does 'Perpetual Succession' mean in relation to a company?

    <p>The company is eternal and continues to exist even after changes in its members or ownership</p> Signup and view all the answers

    Which type of company is required to disclose its financial information to the public regularly?

    <p>Listed company</p> Signup and view all the answers

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