Which of the following is not a feature of a private company?
Options:
Maximum 200 members
Minimum 10 person
Restricts the right to transfer shares
All of these
Correct Answer:
Minimum 10 person
Explanation:
Private Company: A private company is one which by its articles of association: (a) Restricts the right to transfer its shares. (b) A private company must have at least 2 persons, except in case of one person company. (c) Limits the number of its members to 200 (excluding its employees).