Company Law Limits
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Questions and Answers

Which type of company can have a maximum of 50 members?

  • Associate company
  • Small company
  • Private company (correct)
  • Public company

    • What is the minimum number of days a person must be a resident in India to be considered eligible to become a member of a company?

  • 150 days
  • 100 days
  • 120 days (correct)
  • 90 days

    • How many layers of subsidiaries are allowed for a company?

  • 4 layers
  • 2 layers (correct)
  • 1 layer
  • 3 layers

    • Within how many days should a duplicate share certificate be issued by an unlisted company?

    <p>30 days</p> Signup and view all the answers

    What is the time limit for making an appeal against a variation to the National Company Law Tribunal (NCLT)?

    <p>21 days</p> Signup and view all the answers

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