Which of the following statements are true in context of a company under Company Act, 2013?
1. A member of a company must be a shareholder of a company.
2. Proxies are not to be included while counting the quorum of a meeting of a company.
3. The maximum number of directors in a public as well as private company is 15.
4. In case of a private company, there is no restriction to transfer the shares.
A. 1, 2 and 3
B. 2 and 3
C. 1 and 3
D. 1, 2, 3 and 4
Answer: Option B

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