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Question
Select the proper option from the options given below and rewrite the completed sentence.
The maximum number of members in a private limited company are ________
Options
50
40
20
Solution
The maximum number of members in a private limited company are 50.
Explanation:
As per the Companies Act 1956, the number of members in a private limited company is minimum 2 and maximum 50. On the other hand, in public limited companies, minimum 7 members are required and there is no limit for the maximum number of members.
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