Question

The term Public Ltd. Company is defined in section _________ of the Companies Act, $2013$.

• A. $2\left(71\right)$
• B. $3\left(1\right)\left(iv\right)$
• C. $3\left(2\right)$
• D. $4$

Answer 1

Answer: (A)

$2\left(71\right)$

As per section 2(71) of the companies Act 2013 a public limited company is a company which is not a private company and has a minimum paid up share capital of Rs-5,00,000. The minimum number of members in a public limited company are seven and maximum are unlimited.