Home › CBSE Class 11 › businessstudies › Forms of Business Organisation › The minimum number of members required to form a…
The minimum number of members required to form a private company and a public company are respectively:
A7 and 2
B2 and 10
C1 and 5
D2 and 7
Answer & Solution
Correct answer: D. 2 and 7
A private company needs at least 2 members; a public company at least 7.
Related questions
The maximum number of members allowed in a private company is:The feature of a company by which its continuity is unaffected by the death of its membersThe minimum number of adult members required to form a cooperative society is:A cooperative society works on the democratic principle of:A form of organisation owned by its members who voluntarily associate on the principle of As per the Companies (Miscellaneous) Rules 2014, the maximum number of partners a partnersThe written document that contains the mutually agreed terms of a partnership is the:An association of two or more persons who agree to carry on a business and share its profi