A private company is required compulsorily to limit through its articles, the number of members to __________.
A
20
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B
50
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C
200
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D
500
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Solution
The correct option is B50 A company is governed by the Companies Act, 1956. 2. Number of members – In a private company the minimum number is 2 and the maximum is 50. In a public company the minimum number is 7 and there is no maximum limit set by Law.