A Company Registered with Share Capital of Rs1 00 000 1000 shares 100 X has 999 shares amp Y has 1 s...........

Accountancy (Phase -I & II) Others

A Company Registered with Share Capital of Rs1,00,000 (1000 shares *100). X has 999 shares & Y has 1 share. What kind of company is this-

Private company

Illegal company

Proprietorship

Partnership

LLP

- Private Company:

- Requires a minimum of 2 and a maximum of 200 members.

- Can have share capital, as seen here.

- Restricts the right to transfer shares and limits the number of its members.

- Correct Answer: Option 1 matches with this definition.

- Illegal Company:

- Not a standard legal category.

- Perhaps suggests non-compliance, but the given information doesn't imply it.

- Proprietorship:

- Owned by a single individual.

- No share capital structure like this one.

- Partnership:

- Involves two or more partners sharing profits.

- Does not typically issue shares.

- LLP (Limited Liability Partnership):

- Combines features of a partnership and a company.

- Does not issue shares.

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