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Answer in one sentence. What is the meaning of Private Company?

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Question

Answer in one sentence.

What is the meaning of Private Company?

One Line Answer
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Solution

A Private Limited company is a company which by its articles restricts the right to transfer share, limits the maximum number of members to 200.

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Chapter 4: Forms of Business Organisation - I - EXERCISE [Page 92]

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Balbharati Organisation of Commerce and Management (OCM) [English] Standard 11 Maharashtra State Board
Chapter 4 Forms of Business Organisation - I
EXERCISE | Q 1. H) 10) | Page 92

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