Page 8 of Annual Return – Clause (e) where the annual return discloses the fact that the number of members of the company exceeds fifty, the excess consists wholly of persons who under sub-clause (1) of section 3 are not to be included in reckoning the number of fifty;
Query 1
Whether the said clause shall apply only to 'Company Limited by Members' and not for 'Company Limited by Shares'.
For Private Limited, can we strike off the said clause.
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