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      Question

      What is the minimum number of members in a public

      company_______________
      A Two persons Correct Answer Incorrect Answer
      B Seven persons Correct Answer Incorrect Answer
      C Two or more persons Correct Answer Incorrect Answer
      D Three or more persons Correct Answer Incorrect Answer
      E Seven or more persons Correct Answer Incorrect Answer

      Solution

      Section 3. Formation of company: (1) A Company may be formed for any lawful purpose byβ€” (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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