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What is the limit of members in case of a Private Company?
- a)200
- b)70
- c)100
- d)250
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
What is the limit of members in case of a Private Company?a)200b)70c)1...
This type of entity limits the owner's liability to their ownership stake and restricts shareholders from publicly trading shares. Members: You can start a private limited company with a minimum of only 2 members (and maximum of 200), as per the provisions of the Companies Act 2013. Minimum 2 and Maximum 20 can only be a part of partnership firm while for private limited company, 2 to 50 members in case of Private Company and Minimum 7 members in case of Public Company can be a part and in LLP's there has to be minimum 2 partners and there is no limitation of maximum number of partners.
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What is the limit of members in case of a Private Company?a)200b)70c)1...
This type of entity limits the owner's liability to their ownership stake and restricts shareholders from publicly trading shares. Members: You can start a private limited company with a minimum of only 2 members (and maximum of 200), as per the provisions of the Companies Act 2013. Minimum 2 and Maximum 20 can only be a part of partnership firm while for private limited company, 2 to 50 members in case of Private Company and Minimum 7 members in case of Public Company can be a part and in LLP's there has to be minimum 2 partners and there is no limitation of maximum number of partners.
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What is the limit of members in case of a Private Company?a)200b)70c)1...
A) 200
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What is the limit of members in case of a Private Company?a)200b)70c)100d)250Correct answer is option 'A'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about What is the limit of members in case of a Private Company?a)200b)70c)100d)250Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the limit of members in case of a Private Company?a)200b)70c)100d)250Correct answer is option 'A'. Can you explain this answer?.
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