SINGLE MEMBER COMPANY AND OTHER PRIVATE COMPANY
SINGLE MEMBER COMPANY | OTHER PRIVATE COMPANY |
1.Minimum number of members Only 1 member | 2 members |
2.Maximum number of members Only 1 member | Does not exceed 50 members, (excluding employees members) |
3.Company’s secretary Required | Not required |
4.Quorum (1 member in person or through proxy) | (2 members in person having at least 25% of voting power through their own account or proxy) |
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