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Gauransh Maheshwari (Querist)
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23 April 2015 In case of private company right of members to transfer share can be restricted by articles Mean while IN OPC choice to restrict right to transfer share is available to OPC. 1 Question can OPC having more than 1 member? 2 is status of member and share holder is differ from each other for private company, if so then Can a private company have more than 200 shareholders and members restricted to 200 3 question only if 2nd answer is share holder and members having different status, then question arise will a private company is also allowed for trading?

Pratik Shah

Pratik Shah (Expert)
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24 April 2015 your questions are very much in opposite path of Companies Act, 2013.

OPC can not have more than 1 member.
Member and shareholder is same. It is not different status.
Members/Shareholders can not be more than 200 in case of private limited company.