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___________ is a separate legal entity whose capital can be divided into many shares.
Question

___________ is a separate legal entity whose capital can be divided into many shares.

A.

Partnership

B.

Company

C.

Sole Proprietorship

D.

Limited Liablity Partnership

Correct option is B

Company is a separate legal entity governed by the Companies Act in India. Share Capital of the Company is divided in to number of shares which are allotted to different shareholders who in turn contribute the money in the business.

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