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Minimum Shareholders required in a Public Company?
28. Minimum Shareholders required in a Public Company?
- 5
- 6
- 8
- 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.