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      Question

      Under the Companies Act, 2013, which of the following

      combinations correctly identifies the minimum requirements for the formation and management of a Public Company?
      A Minimum 2 Members and Minimum 2 Directors. Correct Answer Incorrect Answer
      B Minimum 7 Members and Minimum 2 Directors. Correct Answer Incorrect Answer
      C Minimum 7 Members and Minimum 3 Directors. Correct Answer Incorrect Answer
      D Minimum 10 Members and Minimum 3 Directors. Correct Answer Incorrect Answer
      E Minimum 7 Members and Minimum 1 Director. Correct Answer Incorrect Answer

      Solution

      Correct Answer: Option 3. Minimum Membership (Section 3) The Act categorizes companies based on the minimum number of people required to sign the Memorandum of Association (MoA): • Public Company: 7 or more persons. • Private Company: 2 or more persons. • One Person Company (OPC): 1 person

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