Which of the limited liability companies have a limit of fifty members and do not issues their shares to the public
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option A
Explanation:
A private limited liability company restricts the transfer of its shares and does not invite the general public to subscribe for its shares. Under the company law framework reflected in this question, its membership is limited to fifty persons.
A private limited liability company restricts the transfer of its shares and does not invite the general public to subscribe for its shares. Under the company law framework reflected in this question, its membership is limited to fifty persons.