On the basis of the number of members, companies can be divided into:

(A) Unlimited Company

(B) Public Company

(C) Private Company

(D) One Person Company (OPC)

Choose the correct answer from the options given below:

Companies can be classified on various bases. When classifying on the basis of number of members, we need to identify which types of companies are distinguished by their membership requirements.

Unlimited Company (A) is classified based on the liability of members (unlimited liability), not the number of members. This is incorrect for this classification.

Public Company (B) requires a minimum of 7 members with no maximum limit. This is based on the number of members.

Private Company (C) requires a minimum of 2 members and maximum of 200 members (excluding employees). This is based on the number of members.

One Person Company - OPC (D) has only 1 member as per Section 2(62) of the Companies Act, 2013. This is based on the number of members.

When companies are divided on the basis of number of members, the classification includes:

• Public Company (7 or more members)
• Private Company (2 to 200 members)
• One Person Company (1 member)

Unlimited Company falls under classification based on liability, not membership count.

Correct Answer: Option 4 → (B), (C) and (D) only