Under Section 2(68) of the Companies Act, 2013, a private company must:
Section 2(68) of the Companies Act, 2013 defines a private company as one which by its articles must "Restrict the right to transfer its shares", limits its members to 200…
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Under Section 2(68) of the Companies Act, 2013, a private company must:
Answer and explanation
Correct answer B
Section 2(68) of the Companies Act, 2013 defines a private company as one which by its articles must "Restrict the right to transfer its shares", limits its members to 200 and prohibits invitation to the public to subscribe for its securities.
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