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MCQs · Q4

Q.Under Section 2(68) of the Companies Act, 2013, the maximum number of members a private company can have (excluding present and past employee-members) is:

(a) 7
(b) 50
(c) 200
(d) No maximum limit
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Section 2(68) fixes the maximum membership of a private company at 200, excluding persons who are or were in the company's employment and became members during that employment (and continued as members after ceasing to be employees).

Option-by-option analysis:

  • (a) Incorrect — 7 is the MINIMUM number of members required for a PUBLIC company, not a private company's maximum.
  • (b) Incorrect — 50 is not a figure fixed anywhere in the Section 2(68) definition. …
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