Question

Maximum no. of members in case of private company is

A 50 Correct Answer Incorrect Answer
B 100 Correct Answer Incorrect Answer
C 150 Correct Answer Incorrect Answer
D 200 Correct Answer Incorrect Answer

Solution

Section 2(68) of Companies Act: “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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