BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Limited
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Unlimited
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All of the Above
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None of the Above
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Detailed explanation-1: -There is no limit on maximum numbers of members in case of public companies (in India).
Detailed explanation-2: -A public company has a minimum of seven members and no maximum limit.
Detailed explanation-3: -Public Limited Companies (PLC) It has a constitution document which includes a memorandum and articles of association. It has limited liability and has a share capital. It must have at least two directors. All directors must be over eighteen.
Detailed explanation-4: -In a public limited company, there must be a minimum of 7 members and there is no upper limit to the number of members that a public limited company can have. The minimum paid up share capital requirement for a public limited company is rupees five lakhs.
Detailed explanation-5: -Public company to form requires a minimum of 7 members to form.