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Questions
To form a Public company, there must be minimum 2 persons/promoters.
A Public Limited Company should have a minimum number of two members. State True or False with reasons.
Options
True
False
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Solution
The given statement is False.
Reasons:
A Public Limited Company must have a minimum of seven members, not two.
This is clearly stated under the Companies Act, 2013, which defines that: “A public company must have a minimum of 7 members and can have unlimited maximum members.”
Having only two members applies to a Private Limited Company, not a public one.
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Group A |
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|
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Answer in brief.
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