New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What is the maximum limit to the number of members in a

    private company?
    A 50 Correct Answer Incorrect Answer
    B 100 Correct Answer Incorrect Answer
    C 200 Correct Answer Incorrect Answer
    D No limit is there Correct Answer Incorrect Answer

    Solution

    Explanation: Section 2(68) private company: “private company” means a company   having a minimum paid-up share capital as may be prescribed, and which by its articles: (i) restricts the right to transfer its shares; (ii) except in case of One Person Company, limits the number of its members to two hundred.

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