In a Private Limited Company, capital is contributed by:
(a) Central Government (b) Public and Government only
(c) Its own members only (d) Issue of shares to Public only.
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Answer:
b
Explanation:
public and government only
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The members of the company are the sole contributor of capital in the private limited company.
Answer: Option (c)
Explanation:
The private limited company is formed by the individuals who contribute their own capital in order to gain profit. If it is listed on the stock exchange, then the company is known as Shareholding Company with limited liability. If the members are up to fifty in number, then they are known as private companies.
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