Which of the following statement is correct ........

Companies Act-Phase (I & II) Introduction to Company Act

Which of the following statement is correct?

Private Company by its AOA restricts member’s right to transfer their shares

Private Company by its AOA limits the number of members to 200,

Private Company by its AOA prohibits any invitation to public to subscribe for any securities of the company

If share/shares held by two or more persons jointly in private company, they shall be counted as one for calculating limit of 200 members

All of the above

As per section 2(68) of Companies Act, 2013, Private Company means a company which by its AOA:

Restricts the right to transfer its shares
Except in case of OPC, Limits the number of members to 200,
Prohibits any invitation to public to subscribe for any securities of the company.

While calculating the limit of maximum number of members as 200 following will not be included:

Persons who are in employment of the company and are members of company
Persons who having been formerly in the employment of the company, were member of while in that employment and continue to be member even after cessation of employment

If share/shares held by two or more persons jointly in private company, they shall be counted as one for calculating limit of 200 members