Did You Know? · Corporate & Commercial Contracts

Do you know a private company can now have up to 200 members?

The Companies Act, 2013 raised the private company member cap from 50 to 200, excluding present and former employee-members.

The Companies Act, 2013 raised the private company member cap from 50 (under the 1956 Act) to 200 - excluding present and former employee-members. It is one of the more understated liberalisations that let founders keep a company "private" for far longer while onboarding more shareholders.