GENERAL KNOWLEDGE

Detailed explanation-1: -Public limited –liability companies must have a minimum of one to maximum of unlimited shareholders.

Detailed explanation-2: -To register a Public Limited Company in India there should be a minimum of seven members and there is no limit on the maximum number of members/shareholders for starting a Public Limited Company.

Detailed explanation-3: -Public company Must have at least 1 shareholder, but there is no maximum. Generally, no personal liability of the shareholders beyond amount agreed to be subscribed for shares.

Detailed explanation-4: -Public Companies. Directors: minimum of 1, no maximum; 2 directors required for a Global Business Corporation. Shareholders: minimum of 50, no maximum.

Detailed explanation-5: -What Is a Private Limited Company? A Pvt. ltd company is a privately held business entity. It is privately held by the shareholders and the maximum number of shareholders should not be more than 200.