In the eyes of law, a private company will be deemed to be a public company, if
A. its membership increases beyond seven
B. its paid-up capital becomes more than Rs. 50 lakhs
C. its directions fail to take up qualifying shares within specified period
D. more than 25% of its paid-up share capital is held by a body corporate
Answer: Option D
Related Questions on Business and Commerce
A. Commerce
B. Industry and commerce
C. Trade and commerce
D. Selling and buying of goods
Which of the following is not an economic activity?
A. A doctor practicing
B. A lawyer practicing law
C. A professional cricketer playing cricket
D. A student playing cricket
Which of the following is an extractive industry?
A. Cattle breeding
B. Forest cultivation
C. Hunting
D. Flour mills
Which of the following is not a manufacturing industry?
A. Iron and steel works
B. Flour Mills
C. Fruit canning
D. Mining
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