Question

The maximum number of members in a private limited company are ______.

Options

• 50

• 40

• 20

Answer 1

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 a minimum of 2 and a maximum of 50. On the other hand, in public limited companies, a minimum of 7 members are required and there is no limit for the maximum number of members.