Which type of company's shares are freely transferable?
A. Private company
B. Public company
C. Both A and B
D. None of these
Answer: Option C
This Question Belongs to Commerce >> Accounting
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B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
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A. Current assets
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The correct answer is:
B. Public company
Explanation:
Public Company:
Shares are freely transferable.
This is a defining feature under the Companies Act, 2013.
Private Company:
Transfer of shares is restricted by its Articles of Association.
Hence, not freely transferable.
Final Answer: B. Public company
Correct answer is Public Company