Question
What is the minimum number of members required to form a
public company?Solution
Section 3. Formation of company: (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.
Which order is related to the maxim action personalis moritur cum personaÂ
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Statement 1: Whoe...
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When a fact is declared to be a conclusive proof of other -
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