The maximum number of members for a private company is :
Options:
100
200
300
Unlimited
Correct Answer:
200
Explanation:
The correct answer is Option 2 - 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).