CA Inter P2 · Chapter 2 · Question 1 of 11
Under section 3(1) of the Companies Act, 2013, the minimum number of persons required to form a public company, a private company and a One Person Company respectively is:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Seven, two and one
Explanation
Section 3(1) allows a company to be formed for a lawful purpose by seven or more persons for a public company, two or more persons for a private company, and one person for a One Person Company. Each must subscribe to the memorandum and complete registration.
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