CUET Preparation Today
Which of the following statement is incorrect - A private company is one which by its articles of association: |
Restricts the right to transfer its shares A private company must have at least 2 persons, except in case of one person company Its paid up share capital is not more than Rs. 50 Lakhs Limits the number of its members to 200 (excluding its employees) |
Its paid up share capital is not more than Rs. 50 Lakhs |
The correct answer is Option (3) → Its paid up share capital is not more than Rs. 50 Lakhs |
