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Rajyasabha and Its Members

In a public c...

Question

In a public company there must not be less than _____.

A

two Persons

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B

seven Persons

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C

six Persons

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D

ten Persons

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Solution

The correct option is C seven Persons
The minimum number of members needed to form a Public Company is at least 7 members. The Maximum number of members in a Private Company is restricted to 200. The Public Company have no restriction on a maximum number of members.

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Q. In a private company, there must not be less than_________.

Q. State whether the following statements are True or False.
(a) There is no chartered company in India.
(b) LIC is a statutory company.
(c) At least five persons are needed to form a public company.
(d) The minimum paid up capital of a private company must be Rupees five lakh.
(e) A private company can invite public deposits.
(f) The shares of a public company are transferable.
(g) A subsidiary of a public company is also a public company.
(h) The concept of private company deemed to be public no longer exists in India.

Q. When there is a conversion of a private company into a public company ________ prospectus must be issued.

Q. When there is a conversion of a private company into a public company____ must be issued.

Q. The instrument appointing a proxy must be deposited with the company not less than _______ days before the meeting.

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