Match List-I with List-II:List-IList-II(A) Restricts the right to transfer its shares(I) OPC(B) A company which is a subsidiary of a public company(II) Private Company(C) A company which has only one person as a member(III) Perpetual Succession(D) Members may come and go but the company continues(IV) Public CompanyChoose the correct answer from the options given below:
- A(A) - (II), (B) - (IV), (C) - (I), (D) - (III)
- B(A) - (II), (B) - (I), (C) - (III), (D) - (IV)
- C(A) - (IV), (B) - (II), (C) - (I), (D) - (III)
- D(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Solution & Step-by-step Explanation
Let us look at the legal characteristics and definitions under the Companies Act, 2013:(A) Restricts the right to transfer its shares: A Private Company under Section 2(68) restricts the right of its members to transfer shares. Thus, (A) matches with (II).(B) A company which is a subsidiary of a public company: Under Section 2(71), a subsidiary of a public company is deemed to be a Public Company. Thus, (B) matches with (IV).(C) A company which has only one person as a member: An One Person Company (OPC) under Section 2(62) is defined as a company which has only one person as a member. Thus, (C) matches with (I).(D) Members may come and go but the company continues: This describes the core legal trait of Perpetual Succession, ensuring that the entity's existence is independent of its membership. Thus, (D) matches with (III).Evaluating the combinations gives:(A) - (II), (B) - (IV), (C) - (I), (D) - (III)