According to the Companies Act, 2013, what is the maximum limit of members in case of private company?
The maximum is 200 members under Section 2(68) of the Companies Act, 2013. Joint holders of shares count as a single member for this limit, and specified employee and…
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According to the Companies Act, 2013, what is the maximum limit of members in case of private company?
Answer and explanation
Correct answer D
The maximum is 200 members under Section 2(68) of the Companies Act, 2013. Joint holders of shares count as a single member for this limit, and specified employee and continuing former-employee members are excluded from the count. The limit therefore concerns the statutory membership count, rather than an unqualified count of every person holding shares.
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