State whether the following statements are True or False:i. Buying sh

1.	State whether the following statements are True or False:i. Buying shares is the most common way to become a Member of the company.ii. Both individuals and body corporates can be members of the company.iii. Legal competency to enter into contracts is one of the criteria to become a member of the company.iv. Limited Liability Partnership cannot be a member of the company.v. Karta of HUF can be a member of the company.
Answer» i. True ii. True iii. True iv. False v. True

State whether the following statements are True or False:i. Buying shares is the most common way to become a Member of the company.ii. Both individuals and body corporates can be members of the company.iii. Legal competency to enter into contracts is one of the criteria to become a member of the company.iv. Limited Liability Partnership cannot be a member of the company.v. Karta of HUF can be a member of the company.

Answer»

i. True

ii. True

iii. True

iv. False

v. True