Question

Except the following Elements are in the Company organisation.
a) Separate amity
b) Artificial Person
c) Limited Liability
d) non transferable of shares​

Answer 1

Answer:

option:(d) non transferable of shares

Answer 2

Answer:

Non transferable of shares​

Explanation:

Separate entity,  Artificial Person, Limited Liability are the elements of company organisation.

A joint stock company is an artificial legal person, having separate legal entity. perpetual succession and a common seal.

• Features of company are:

1. Separate legal entity
2. Artificial person
3. Common seal
4. Perpetual succession
5. Transferability of shares
6. Limited liability
7. Registration

• Separate legal entity means company is separate from its owner. A company can carry on business in it's own name, sale and purchase goods and assets in its own name.
• Artificial person means a company does not have a physical body like a human being, It is an artificial person created by law.
• Perpetual succession means company is created by law and can only be dissolved by order of law only.
• Common seal being an artificial person  a company does not have hands to sign so there is a common seal on which company's name engraved on it.
• Transferability of shares means the capital of the company is divided into shares. The shares of the company is freely transferable by its members. A shareholder is free to withdraw his membership by selling it's shares.

Hence, among the above options non transferability  of shares​ is not an element of company organization because the shares of the company is freely transferable by its members.

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