KASNEB CPA Intermediate Practice Questions - KASNEB Certified Public Accountants (CPA) - Intermediate Level (CA21-CA26) Exam

Which combination of features typically identifies a private company under the Companies Act, 2015?

Minimum seven subscribers and mandatory stock exchange listing Restrictions on share transfers, a fifty-member limit, and no public share offers Unlimited liability of all members and no register of members Compulsory annual audit waiver and prohibition of directors

Correct Answer:

Restrictions on share transfers, a fifty-member limit, and no public share offers

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