Which of these is not true for a public company?
A)It must be listed on the stock exchange
B)It can issue shares to the public at large
C)It must prepare financial statements in accordance with the accounting standards
D)It must have an Australian Company Number

Question

Quizplus · Accepted Answer

A company does not have to be listed on the stock exchange to be a public company. It just needs to have at least 50 non-related shareholders and meet certain financial reporting requirements.

Which of These Is Not True for a Public Company