A private company is one which.

(A) restricts the right to transfer share

(B) limits the number of members to 200

(C) must have at least 2 persons

(D) include a company which is subsidiary of public company.

Choose the correct answer from the options given below:

(A), (B) and (C) only

The correct answer is option 2- (A), (B) and (C) only.

Except statement (D) 'include a company which is subsidiary of public company', all are features of private company.

Private Company: A private company is one which by its articles of association:

• (a) Restricts the right to transfer its shares;
• (b) Limits the number of its members to 200 (excluding its employees);
• (c) A private company must have at least 2 persons, except in case of one person company.