alleryStart learning →Which of these is not a company type permitted by section 3(2)?
ACompany that is unlimited
BCompany limited by guarantee
CCompany limited by shares
DCompany limited by debentures
Answer & Solution
Correct answer: D. Company limited by debentures
Section 3(2) lists only shares, guarantee and unlimited companies, so a company limited by debentures is not a recognised form.
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