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Minimum Shareholders required in a Public Company?

28. Minimum Shareholders required in a Public Company?

  1. 5
  2. 6
  3. 8
  4. 7

Answer: D) 7

Explanation:

Section 3 of companies act 2013 (1) A company may be formed for any lawful purpose by— (a) seven or more persons, where the company to be formed is to be a public company; (b) two or more persons, where the company to be formed is to be a private company; or (c) one person, where the company to be formed is to be One Person Company that is to say, a private company, by subscribing their names or his name to a memorandum and complying with the requirements of this Act in respect of registration.

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