Question

The maximum numbers of members in a private limited company are_________. (Fill in the blank by choosing correct option)
a) 50
b) 40
c) 20

Answer 1

a) 50

The maximum numbers of members in a private limited company are 50 .

Answer 2

Answer:

The maximum numbers of members in a private limited company are 50.

Explanation:

There are some rules and regulations for private and public companies. On the basis of rules the maximum number of members in a private company is restricted to 50 but there is no restriction for a public company. A minimum number of member is required to form any private company is 2 and for public company, there should be a minimum of 7 members to form any public company.