i. What is the maximum number of members this company can have? ii. Can this company invite the general public to subscribe for shares?

Monjur Alahi

Study the following case and express your opinion:

Two promoters got ‘Super Drinks Pvt. Ltd.’ incorporated on 18th January 2018. The company has 100 members as of 31st March 2019.

i. What is the maximum number of members this company can have?

ii. Can this company invite the general public to subscribe for shares?

iii. Can the shareholders of the company sell its shares to outsiders?


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Salim Ahmed Kawsar

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i. The maximum number of members for this company is 200 because this is a private company.

ii. This company cannot invite the general public to subscribe for shares.

iii. Being a private company, there are restrictions to shareholders to sell these to outsiders.

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