1
Question
Maximum number of members in private companies as per Companies Act, 2013 is_____.
Maximum number of members in private companies as per Companies Act, 2013 is_____.
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Solution
The correct option is B 200
As per section 2(68) of the Companies act, 2013, 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:
As per section 2(68) of the Companies act, 2013, 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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