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Consider the following statements Assertion (A) The number of members in...

This question belongs to Commerce Legal Aspects Of Business
Legal Aspects of Business
?

Consider the following statements:
Assertion (A): The number of members in a company is 20 and hence the company is a private company.
Reason (R): According to the Companies Act, 1956 a private company is one, the number of members of which does not exceed 50.

Answer & Solution
Correct Answer: Option C
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