Question

Given below are two statements :
Statement I: The Share capital of a company limited by shares shall be of two kinds.
Statement II: Preference share capital, with refence to any company limited by share, means all share capital which it not equity share capital.
In the light of the above statements, choose the most appropriate answer from the options given below :

• A. Both Statement I and Statement II are true
• B. Both Statement I and Statement II are false
• C. Statement I is correct but Statement II is false
• D. Statement I is incorrect but Statement II is true

Answer 1

The Correct Option is C

The correct option is(C): Statement I is correct but Statement II is false