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PART A: CIRCLE OR TICK YOUR ANSWER ( 2 MARKS FOR EACH The following are the characteristics of a private company EXCEPT; Prohibits the invitation

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PART A: CIRCLE OR TICK YOUR ANSWER ( 2 MARKS FOR EACH The following are the characteristics of a private company EXCEPT; Prohibits the invitation to offer its shares to the public Have restriction in the transfer of its shares to its members The number of its members cannot exceed 50 persons No restriction in the transfer of its shares to the public

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