Mr is a shareholder in a company holding 10000 shares of 10 each on which he has already paid rs 8 per share what will his liability in the event of losses of company fail to pay debts
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(a) A company is formed according to the provisions of Indian Companies Act, 1932.
Answer False
(b) A company is an artificial person.
Answer True
(c)Shareholders of a company are liable for the acts of the company.
Answer False
(d) Every member of a company is entitled
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