Multiple Choice Questions on As per Section 464 of Companies Act 2013 firm having more than 50 partners as per Companies Miscella........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

As per Section 464 of Companies Act 2013 firm having more than 50 partners as per Companies Miscella...........

Companies Act-Phase (I & II) Introduction to Company Act
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    As per Section 464 of Companies Act, 2013 firm having more than 50 partners as per Companies (Miscellaneous) Rules, 2014 must be registered as company under Companies Act, 2013, if not such entity is known as:

    Private Company

    Incorrect Answer

    Public Company

    Incorrect Answer

    Illegal Association

    Correct Answer

    Foreign Company

    Incorrect Answer

    None of the above

    Incorrect Answer
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    Explanation:

    As per Section 464 of Companies Act, 2013 firm having more than 50 partners as per Companies (Miscellaneous) Rules, 2014 must be registered as company under Companies Act, 2013, if not such entity is known as illegal association.

    By: Vikas Goyal
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