Question

What is the minimum number of members required to form a

Q: Answer-What is the minimum number of members required to form a public company?

Minimum seven members, Explanation Section 3. Formation of company 1 A Company may be formed for any lawful purpose bymdash 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.

public company?

A Minimum two members

B Minimum seven members

C No such prescribed number

D As the Central Government may prescribe

Practice Next

More Commerical Law Questions

Which statement provides the most accurate information about earthquake waves?
Consider the following statements about Aarogya Maitri Aid Cube:

1. World's first portable hospital, 'Aarogya Maitri Aid Cube', was unvei...
In January 2023, the 'Bailey Suspension Bridge' was inaugurated on which river of Jammu and Kashmir?
Which statement is correct about “Troposphere Emission : Monitoring Of Pollution”(TEMPO)

a.Tropospheric Emissions: Monitoring of Pollution ...
Consider the following statements:

1.The Heads of State Council (HSC), the highest decision-making body in the Shanghai Cooperation Organization ...
Rashmi Choudhury won the Sahitya Akademi Award 2022 for which language?
Which film received the prestigious Palme d'Or award at the 2024 Cannes International Film Festival?
Which of the following states will host the 38th National games?
Which of the following statements is/are not correct with reference to International Big Cat Alliance (IBCA):
1. Which country returned sovereignty of the Chagos Islands to Mauritius in 2024, while retaining control of the Diego Garcia military base?

What is the minimum number of members required to form a

Solution