Shareholding limitation

One person can buy all the applications I guess. That is because, share are issued to who ever will buy, or prorated if the applications are more than authorised shares

There must be a minimum of 2 shareholders and a maximum of 200. For directors, the minimum is 2 and the maximum is 15.

That is for a private company and when it is public company, minimum shareholders is seven at start up and subsequently maximum numbers of the shares are traded to general public. So is the case with private