Which of the following is not a feature of a private company?
Answer & explanation
Correct answer: option 2
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).