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.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile