Which of the following is not true of a private limited company?
Answer Details
The statement that is not true of a private limited company is "its shares are freely transferable." In a private limited company, the number of shareholders is limited, and the shares are not freely transferable. The transfer of shares requires the consent of other shareholders or directors, and the company's articles of association may also have restrictions on share transfers. This is different from a public limited company, where shares can be freely bought and sold on a stock exchange.