Q32
The minimum number of shareholders in a public limited company is __________.
A.
2
B.
3
C.
5
D.
7
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Section 3 of companies act 2013
(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