'When a Public Company Is Formed It Must Have Its

question 35

Multiple Choice

'When a public company is formed it must have its shares listed on the Australian Securities Exchange (ASX) '.This statement is:

• A)Correct, because a public company is limited by shares
• B)Incorrect, because a public company that is limited by shares need not list those shares on the ASX
• C)Correct, because if the company did not wish to have its shares listed it must be formed as a proprietary company
• D)Incorrect, because the company must have its shares listed on any stock exchange, not just the ASX

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