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Which of the following statements is INCORRECT ? A. A limited proprietary company must have the word 'Proprietary' or the abbreviation 'Pty' as part of

Which of the following statements is INCORRECT?


A.

A limited proprietary company must have the word 'Proprietary' or the abbreviation 'Pty' as part of its name inserted immediately before the word 'Limited' or 'Ltd'.

B.

A proprietary company is also referred to as a public company.

C.

A proprietary company must have no more than 50 non-employee shareholders.

D.

A proprietary company must be a company limited by shares, or unlimited with a share capital.

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