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3 Cards in this Set

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  • Back

Company

Sec.2(20), company incorporated under this act or any previous company law.

Private company

Min paid-up cap= 1 lakh or more; by its articles


-Restricts right to transfr shares


-limits max. members 200 (excluding past or present employees)


-prohibits public invitation for subscription.


One person company

Only one person as member.