A private limited company can have at most how many shareholders?
A50
B100
C20
D200
Answer & Solution
Correct answer: D. 200
A private limited company is capped at 200 shareholders, unlike an LLP with no limit on partners.
Keep practising Partnership
Browse all Partnership questions for CA Foundation, or explore more Accounting topics.
Related questions
In an LLP, a partner is not liable for what?Which is a stated disadvantage of an LLP?An LLP must be audited if its contributions exceed?An LLP must be audited if annual turnover exceeds?What minimum capital is needed to form an Indian LLP?What cap applies to the number of partners in an Indian LLP?An Indian LLP enjoys which feature that an ordinary firm lacks?Under Indian law, an LLP is what, relative to its partners?