GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Public company
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Private limited company
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Partnership
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Social Enterprise
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Detailed explanation-1: -Private limited company. There must be a minimum of 2 shareholders and a maximum of 200. For directors, the minimum is 2 and the maximum is 15.
Detailed explanation-2: -Shareholder control But in a limited company, having 50% of the shares actually means you have no control at all and neither does the holder of the other 50% of the shares.
Detailed explanation-3: -Private limited company There must be a minimum of 2 shareholders and a maximum of 200.
Detailed explanation-4: -The maximum number of members in a private limited company is 50. According to the provisions of Companies Act 2013, Private limited company can be started with minimum 2 members and maximum 50 members.
Detailed explanation-5: -“One Person Company” means a company which has only one person as a member. • An OPC is incorporated as a private limited company, where there is only one member and prohibition in regard to invitation to the public for subscription of the securities of the company.