The maximum number of members in a private company can be...........
Answer & explanation
Correct answer: option 2
The correct answer is option 2- 200.
The maximum number of members in a private company can be 200.
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 the case of one person company.
(c) Limits the number of its members to 200 (excluding its employees).