1.

Explain the following terms/concept :Public company

Answer»
  • A minimum of 7 members is needed for incorporation and no maximum limit. 
  • The shares of a public company are easily transferable. 
  • The minimum paid-up capital is prescribed by the Articles. 
  • It can invite and accept deposits from the public.
  • A company, which is not a private company is called a Public Company.


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