# Maximum no. of members in case of private company is_________________.

$200$

##### SOLUTION
464 says "Provided that the number of persons which may be prescribed under this sub-section shall not exceed one hundred." i.e. by rules limit can be prescribed, but whatever limit is prescribed it must not be greater than 100 (i.e. upto 100). And, the limit prescribed is 50 as per rules. Hence, current limit is 50 for a private company.
To start a company, a minimum number of 2 members are required and a maximum number of 200 members as per the provisions of the Companies Act, 2013.

Its FREE, you're just one step away

Single Correct Medium Published on 18th 08, 2020
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 146

#### Realted Questions

Q1 Single Correct Medium
_________ refers to those industries which require huge infrastructure, man power and a have influx of capital assets.
• A. Large scale industries
• B. Small scale industries
• C. Both (a) and (b)
• D. (a) or (b)

1 Verified Answer | Published on 18th 08, 2020

Q2 TRUE/FALSE Medium
No actions can be taken unless it goes through proper channel of authority.
• A. True
• B. False

1 Verified Answer | Published on 18th 08, 2020

Q3 Single Correct Medium
Which of the following are the characteristics of a company?
• A. Corporate Personality
• B. Limited Liability
• C. Perpetual Succession
• D. All of the above

1 Verified Answer | Published on 18th 08, 2020

Q4 Single Correct Medium
Which of the following statement is incorrect?
$(1)$ MNCs have less impact on the development process of the under developed countries.
$(2)$ Some MNCs may be 'footloose' i.e., to say - they might locate in a country to gain the tax or grant advantages but then move away when these run out.
Select the correct answer from the options given.
• A. $(2)$ only
• B. $(1)$ only
• C. Both $(1)$ & $(2)$
• D. Neither $(1)$ nor $(2)$

1 Verified Answer | Published on 18th 08, 2020

Q5 Single Correct Medium
Which is true as far as a Joint Venture is concerned?
• A. The dual ownership arrangement may not lead to conflicts, resulting in battle for control between the investing firms.
• B. Foreign firms entering into joint ventures does not share the technology and trade secrets with local firms.
• C. Joint venture is a very common strategy for entering into foreign markets.
• D. All of the above