Question

What should be the maximum number of members for private companies according to the Indian Companies Act, 2013?
(a) 200
(b) 100
(c) 50
(d) 150

Answer 1

According to Indian Companies Act, 2013 maximum no. of members that can be present in Private Company are 200.

Answer 2

The maximum number of members for private companies according to the Indian Companies Act, 2013 is 200.  

According to the Act, the minimum number of members in a private company must not be less than 50.

The India Companies Act, 2013 comprises 29 chapters with 470 sections and is a partial replacement of the Companies Act, 1956 after receiving the Indian President’s assent in August 2013. The Act was implemented in September 2013. The earlier Act restricted the maximum number of people in a private company to be 50.