What is NOT a characteristic of a Private Limited Liability Company?
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- A A shareholder is not free to transfer his shares to someone without the permission of others
- B Its shares cannot be offered to the public through the stock market
- C The liability of shareholders is not limited to the amount of shams taken up
- D The minimum and maximum number of shareholders is seven and infinity respectively
- E The minimum and maximum number of shareholders is two and fifty respectively
Correct Answer: Option D
Explanation:
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