Question
What is the minimum number of members in a public
company_______________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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