State which of the following statements is True or False:1. A company

1.	State which of the following statements is True or False:1. A company is a legal entity with perpetual succession. 2. The minimum number of person required to form a public company is five, whereas in a private company their number is only two. 3. The legal formalities to be observed in case of private companies are much more than those in case of public company.
Answer» 1.True 2.False 3.False

State which of the following statements is True or False:1. A company is a legal entity with perpetual succession. 2. The minimum number of person required to form a public company is five, whereas in a private company their number is only two. 3. The legal formalities to be observed in case of private companies are much more than those in case of public company.

Answer»

1.True

2.False

3.False