Multiple choice

Directions: State whether the following statement is True Or False.

There is no statutory limit as to maximum number of members in a private company.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A private company is subject to statutory limits on the number of members. Under the Companies Act, there is a maximum limit on the number of members a private company can have.

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