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?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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