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JAMB Commerce 2012 Paper
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© africaexams.com
Question : 26
Total: 49
A feature common to public and private limited liability companies is that
both can sue and be sued
the minimum number of their shareholders is five
the transfer of their shares is not restricted
their annual accounts are published for public use
Validate
Solution:
Common Features
of
Private
and
Public Limited Companies
Both types of companies are registered with the words “Ltd” / “Sdn Bhd” under the Companies Act.
The shareholders and the company are separate entities, they can sue and be sued
All shareholders have limited liability.
A board of directors is elected by the shareholders. ...
Salaries managers are employed to manage the business.
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