Under Section 3(1) of the Companies Act, 2013, how many persons are required at minimum to form a private company other than a One Person Company, and a public company, respectively?
Question and options
Under Section 3(1) of the Companies Act, 2013, how many persons are required at minimum to form a private company other than a One Person Company, and a public company, respectively?
10 and 50
10 and 100
7 and 2
2 and 7
Answer and explanation
Section 3(1)(b) requires at least two subscribers to form a private company other than a One Person Company. Section 3(1)(a) requires at least seven to form a public company. Section 3(1)(c) separately permits one person to form a One Person Company.
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