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      Question

      What is the maximum number of persons required to form a

      private company?
      A 50 Correct Answer Incorrect Answer
      B 100 Correct Answer Incorrect Answer
      C 200 Correct Answer Incorrect Answer
      D Unlimited Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Section 2(68) “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: Provided that where two or more persons hold one or more shares in a company jointly, they shall, for the purposes of this clause, be treated as a single member

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