Under the Companies Act, 2013, the minimum number of persons required to form a public limited company is
Question and options
Under the Companies Act, 2013, the minimum number of persons required to form a public limited company is
- 20
- 15
- 10
- 7
Answer and explanation
Correct answer: D - 7
A public company needs at least 7 members (Section 3, Companies Act 2013, and also the 1956 Act). A private company needs at least 2.
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