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    Question

    What is the maximum number of persons required to form a private company?

    A 50 Correct Answer Incorrect Answer
    B 100 Correct Answer Incorrect Answer
    C 200 Correct Answer Incorrect Answer
    D Unlimited Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Section 2(68) “private company” means a company   having a minimum paid-up share capital as may be prescribed, and which by its articles,— (i) restricts the right to transfer its shares; (ii) except in case of One Person Company, limits the number of its members to two hundred: Provided that where two or more persons hold one or more shares in a company jointly, they shall, for the purposes of this clause, be treated as a single member

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