Question

Minimum number of members required to apply for Incorporation Certificate in a Public Ltd. Company is:

• A. 7
• B. 3
• C. 2
• D. 50

Hint:

Remember:
- One Person Company → 1 member
- Private Limited Company → 2 members
- Public Limited Company → 7 members

Answer 1

The Correct Option is A

Step 1: Definition.
According to the Companies Act, a Public Limited Company is a type of company that can invite the public to subscribe to its shares and is required to follow specific incorporation rules.

Step 2: Rule.
For incorporation, the law mandates that a Public Limited Company must have a minimum of 7 members (shareholders). This is the essential requirement for obtaining the Certificate of Incorporation.

Step 3: Conclusion.
Hence, the minimum number of members required to apply for incorporation of a Public Limited Company is 7. Therefore, the correct answer is option (A).