BCL – L1 – SA – Q61 – Alternative Forms

Maximum members in a private company.

Question

According to Corporate Law, what is the highest number of members of a Private Company (excluding companies with single member)?

A 32

B 30

C 50

D All of these

E None of these

Answer

Explanation:
The correct answer is C because, under corporate law, a private company (excluding single-member companies) can have a maximum of 50 members, as specified in many jurisdictions. Options A and B are incorrect as they do not reflect the standard limit, D is incorrect as only one option is correct, and E is incorrect as C is valid.

Tags: Company Law, Membership Limits, Private Company
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

Uploader: Samuel Duah