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Examveda

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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