NextQ206
Gauri started her business of manufacturing designer furniture in Lonavala. Her business was a huge success and she thought of starting a designer studio involving huge capital in Mumbai as well as in Pune. Her friends wanted to join hands with her and open the same. They approached a chartered accountant and he suggested them to form a private company as according to him this form of company is more desirable.a. State any six privileges of a private company that make it a more desirable than a public company. b. Why a company is called 'an artificial person having perpetual succession and a common seal'?
Question 205
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