Question : What is the maximum number of members in case of private company?
Option 1: 20
Option 2: 2
Option 3: 200
Option 4: None of the above
Correct Answer: 200
Solution : The maximum number of members in case of a private company is 200. As per Section 2(68) of the Companies Act, 2013, the maximum number of members in case of a Private Company are 200 and in case of a Public Company, there is no such limit i.e. unlimited. Hence, the correct answer is option 3.
Question : Maximum number of members in a private company is
Option 1: 7
Option 2: 200
Option 3: 20
Option 4: No limit
Question : When is the dividend received considered an operating activity?
Option 1: In the case of non-finance company
Option 2: In case of finance company
Option 3: Both 1 and 2
Question : Liability of the members is limited upto the amount he guaranteed to contribute in the event of winding up is called as-
Option 1: Statutory Company
Option 2: Guarantee Company
Option 3: Chartered Company
Option 4: None of the Above
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