the maximum number of member in a private company is
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50
The maximum number of members in a private limited company is 50. According to the provisions of Companies Act 2013, Private limited company can be started with minimum 2 members and maximum 50 members.
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50 members is the maximum allowed for a private limited business.
The minimum number of members required to form a private limited company is 2, and the maximum number is 50, as per the rules of the Companies Act of 2013.
What does the term "Pvt. Ltd." mean?
- A privately-held firm for any business is called a private limited company.
- Members of a Private Limited Company are only responsible for the number of shares they really own.
- Private Limited Company shares cannot be exchanged publicly.
Example:
Any form of business, such as a plumber, hairdresser, photographer, attorney, dentist, accountant, or driving teacher, may register as a private limited company.
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