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What is NOT a characteristic of a Private Limited Liability Company?

What is NOT a characteristic of a Private Limited Liability Company?
  • A.
    a shareholder is not free to transfer his shares to someone without the permission of others
  • B.
    its shares cannot be offered to the public through the stock market
  • C.
    the liability of shareholders is not limited to the amount of shams taken up
  • D.
    the minimum and maximum number of shareholders is seven and infinity respectively
  • E.
    the minimum and maximum number of shareholders is two and fifty respectively
Correct Answer: Option D
Explanation