Question

In case of public company minimum no. of members is _______.

• A. 1
• B. 2
• C. 5
• D. 7

Answer 1

The correct option is D 7

As per section 2(71) of the Companies Act, 2013, Public company has been defined as a company which—

(a) is not a private company;

(b) has a minimum paid-up share capital as may be prescribed:

The public company means a company which is not a private company and has minimum of 7 shareholders/subscribers. It has to have a minimum paid-up share capital capital of Rs. 5 Lakh.