Law · Companies Act, 2013
What are the specific statutory limitations regarding membership, directors, and public offerings for a Private Company under the Companies Act, 2013?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It has a maximum limit of 200 members, requires a minimum of two directors, and is permitted to issue a prospectus to invite the general public to subscribe to its shares.
- 2It is restricted to a maximum of 200 members, requires a minimum of one director, and strictly prohibits inviting the general public to subscribe to its shares or debentures.
- 3It has no maximum limit on members, requires a minimum of two directors, and is permitted to invite the general public to subscribe to its shares or debentures.
- 4It is restricted to a maximum of 200 members, requires a minimum of two directors, and strictly prohibits inviting the general public to subscribe to its shares or debentures.✓
Correct answer
It is restricted to a maximum of 200 members, requires a minimum of two directors, and strictly prohibits inviting the general public to subscribe to its shares or debentures.
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