Question

Select the proper option from the options given below and rewrite the completed sentences.

The maximum number of members in a private limited company are ________
(a) 50
(b) 40
(c) 20

Answer 1

The maximum number of members in a private limited company are 50.
Explanation:
As per the Companies Act 1956, the number of members in a private limited company is minimum 2 and maximum 50. On the other hand, in public limited companies, minimum 7 members are required and there is no limit for the maximum number of members.