NCERT · Class 11 · Business Studies · Forms of Business OrganisationsThe minimum number of members required to form a private company is:
Step-by-Step Solution
According to the Companies Act, the minimum number of members required to form a private company is 2, while the maximum is 200.
Detailed Options Breakdown
Option : 1
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Forms of Business Organisations.
Option 1: 2 (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: 7
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Forms of Business Organisations.
Option 3: 50
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Forms of Business Organisations.
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