On the basis of the number of members, companies can be divided into:
(A) Unlimited Company
(B) Public Company
(C) Private Company
(D) One Person Company (OPC)
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → (B), (C) and (D) only
Companies are classified on the basis of the number of members as follows:
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Public Company → Minimum 7 members; no maximum limit.
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Private Company → Minimum 2 members; maximum 200 members.
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One Person Company (OPC) → Only 1 member.
Unlimited Company (A) refers to liability of members, not the number of members, hence it does not fit this classification.