New RBI Grade B 2025 Notification will come Soon! Enroll Here

    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.

    Practice Next