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easyMCQCUET Accountancy 2025 22 May Shift 12026Accountancy
1 mark

Which of the following company, by its articles, restricts the right to transfer its shares?

  1. A
    A non Private company
  2. B
    Public Company
  3. C
    Private Company
  4. D
    Subsidiary Company

Solution & Step-by-step Explanation

According to Section 2(68) of the Companies Act, 2013, a Private Company explicitly restricts the free transferability of its shares through its Articles of Association.

Practice this question

Try it yourself before checking the explanation above.

Which of the following company, by its articles, restricts the right to transfer its shares?
A
A non Private company
B
Public Company
C
Private Company
D
Subsidiary Company

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Company AccountsShare CapitalPrivate Company

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