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      Question

      Which section of the Companies Act lays down provisions

      relating to the maximum number of persons required to form a private company?
      A Section 2 (16) Correct Answer Incorrect Answer
      B Section 2 (28) Correct Answer Incorrect Answer
      C Section 2 (46) Correct Answer Incorrect Answer
      D Section 2 (68) Correct Answer Incorrect Answer
      E Section 2 (84) Correct Answer Incorrect Answer

      Solution

      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: 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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