Correct option is C
According to the
Companies Act, 2013 (Section 2(68)), a
Private Limited Company is defined as a company that restricts the right to transfer shares and
limits the number of its members to 200.
This maximum limit of
200 members excludes:
· Present and past employees who were members during employment, and
· Joint holders (they are counted as one member).
Hence, the correct maximum number of members allowed in a private company is
200.