Question

To promoters got super drinks Private Limited incorporated on 18th of January 2018 the company has 100 members as on 31st March 2019.

then answer the following question.

A:-what is the maximum number of members is company can have?

B:-can this company in invites general public to subscribe for shares?

C:-can the shareholder of companies sell its shares to outsiders?

Answer 1

Answer:

A:- 50

B:-No

C:-yes

Explanation:

B:- No the firm is registered in private limited so it can not invite the genral public if public limited so they can invite