Question

A company in which the number of members cannot exceed 200.

Answer 1

Answer:

Section 2(68) of Companies Act, 2013 defines private companies.

The Section further says private companies can have a maximum of 200 members (except for One Person Companies). This number does not include present and former employees who are also members.

Moreover, more than two persons who own shares jointly are treated as a single member.

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Answer 2

Answer:

private company is the answer