Question

Minimum two persons are required to from partnership but minimum numbers of member required to from a company are in case of private company ___________ & in case of public company __________.

• A. $2$ & $7$
• B. $7$ & $2$
• C. $3$ & $8$
• D. $3$ & $7$

Answer 1

The correct option is A $2$ & $7$

A company is a separate legal artificial body with a name and common seal by the law. According to the Companies Act, 2013, the minimum number of people required to start a private company is 2 and that of a public company is 7.