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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 |
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Answer» 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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