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How to present answer in exam?
PLEASE EXPLAIN HOW SHOULD I PRESENT ANSWER IN EXAM IN LAW(ipcc)? please explain by giving answer to following question.. i.e if Q is "what will be the consequence in case of a pvt.co. incorporated under the provisions of the indian companies act, 1956 defaults in complying with the conditions constituting a pvt. co. in terms of sec.3(1)(iii) of companies act 1956?" .. . .. .thanx.
Replies (1)
according to section 3(1)(iii) of the company act
Private company means a company which, by its articles -
a) restricts the right to transfer its shares, if any;
b) limits the number of its members to fifty not including employees in this company
c)restrict invitation to public for subscribing its shares
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