alleryStart learning →Private company member-money cap, as percent of capital, reserves and premium?
ATwo hundred per cent
BOne hundred per cent
CFifty per cent
DTwenty-five per cent
Answer & Solution
Correct answer: B. One hundred per cent
A private company may accept from members monies up to one hundred per cent of paid-up capital, free reserves and securities premium, filing details with the Registrar.
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