Assertion (A): A public company must have atleast 7 members and there is no limit as to the maximum number of members. Reason (R): A private company must have atleast 2 members and maximum 200 excluding its present or past employees. In the context of the above two statements, which of the following is correct?

Question

KollegeApply · Accepted Answer

Both (A) and (R) are correct but (R) is not the correct reason of (A). Explanation: Assertion (A) is true, A public company must have at least 7 members, and there is no maximum limit on the number of members. Reason (R) is also true, A private company must have at least 2 members and not more than 200, excluding current and former employees. However, (R) does not explain (A), as it relates to private companies, not public ones.

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