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According to the features listed for a private company in the lesson, what is the maximum number of shareholders a private company is permitted to have?
Answer & Solution
Correct answer: C.
1. The lesson lists four features for a private company.
2. One feature states that the number of shareholders is limited to 200.
3. The minimum is 2 members and an invitation to the public is prohibited.
4. So the maximum membership is 200.
_Source: ICSI CS Executive Paper 3 (Setting up of Business Entities and Closure) — Lesson 1: Choice of Business Organisation, pp. 2-11._
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