Which of the following statement is incorrect - A private company is one which by its articles of association: 1. Restricts the right to transfer its…
CUET UG 2025 — Accountancy Company Accounts
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)
Held on 27 May 2025 · Verified 13 Jul 2026.
Options
- A
Restricts the right to transfer its shares
- B
A private company must have at least 2 persons, except in case of one person company
- C
Its paid up share capital is not more than Rs. 50 Lakhs
- D
Limits the number of its members to 200 (excluding its employees)
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