Question

According to sec. of the Companies Act, 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

C

prohibit an invitation to the public to subscribe for its share

D

all of the above

Hard
Solution
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Correct option is 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.

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