Question

Given below are two statements:
Statement I: The minimum number of members required to form a private company is 7.
Statement II: The restriction as to maximum number of companies of which a person may be appointed as director, is 10 in case of private company. In the light of the above statements, choose the correct answer from the options given below:

• A. Both Statement I and Statement II are true
• B. Both Statement I and Statement II are false
• C. Statement I is true but Statement II is false
• D. Statement I is false but Statement II is true

Answer 1

The Correct Option is B

The correct option is (B): Both Statement I and Statement II are false