Question

According to sec. $2\left(68\right)$ of the Companies Act, $2013$ a private limited company is one which by its article of associations __________.

• A. Restrict the rights of the members to freely transfer the shares
• B. Limit the number of members to $200$
• C. Prohibit an invitation to the public to subscribe for its share
• D. All of the above

Answer 1

Answer: (D)

As per section 2(68) of companies act, 2013 "private company" means a company having a minimum paid-up share capital of one lakh rupees or such higher paid-up share capital as may be prescribed and restrict any invitation to the public to subscribe for any securities of the company having maximum of 200 members.