Assertion (A) :The liability of share holders in a private limited company is limited to the amount.
Reason (R) :The number of share holders of a private limited company is limited to fifty. A. Both A and R are true and R is the correct explanation of A
B. Both A and R are true but R is not a correct explanation of A
C. A is true but R is false
D. A is false but R is true
Reason (R) :The number of share holders of a private limited company is limited to fifty. A. Both A and R are true and R is the correct explanation of A
B. Both A and R are true but R is not a correct explanation of A
C. A is true but R is false
D. A is false but R is true