Question

The minimum number of persons required to incorporate a Public Company is

• A. 5
• B. 10
• C. 7
• D. 2

Hint:

A Public Company requires at least 7 members to incorporate, with a minimum of 3 directors.

Answer 1

The Correct Option is B

Step 1: Understanding the Minimum Number of Persons.
According to the Companies Act, 2013, a Public Company must have at least 7 members to be incorporated. However, the minimum number of directors required for a Public Company is 3, and the minimum number of shareholders is 7.

Step 2: Explanation of Other Options.
- (a) 5 is the minimum number of members required for a Private Company. - (c) 7 is the correct number of members for a Private Company, not a Public Company. - (d) 2 members are required for a Private Company, but not for a Public Company.

Step 3: Conclusion.
The minimum number of members required for the incorporation of a Public Company is 10, as per the Companies Act, 2013.