Question

Which of the following restriction is not applicable to a Private Ltd. Company?

• A. To open overseas branch/ office
• B. Restrict number of members to $200$
• C. Invite application for public subsription
• D. Invite application for public deposits

Answer 1

Answer: (A)

To open overseas branch/ office

As per section 2(68) of companies act, 2013 "private company" restrict to-

1. Having a minimum paid-up share capital of one lakh rupees or such higher
2. Any invitation to the public to subscribe for any securities of the company
3. Having maximum of 200 members.