The maximum number of members for a private company is :
Answer & explanation
Correct answer: option 2
The correct answer is Option 2 - 200.
The maximum number of members for a private company is 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).