Which of the following is a characteristic of a private company?

Which of the following is a characteristic of a private company?
  • A.
    There is no limit to the number of members
  • B.
    Shares and debentures are freely offered to the public
  • C.
    Shares are not dealt in on the stock exchange
  • D.
    It cannot commence trading on receipt of certificate of incorporation
  • E.
    there is no statutory general meeting
Correct Answer: Option C
Explanation
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