Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Accounting for Shares

Question:

Which of the following is not a feature of a public company?

Options:

Minimum 7 person

Maximum 50 persons

Transfer shares

None of these

Correct Answer:

Maximum 50 persons

Explanation:

As per the Companies Act, 2013 there is not limit for the maximum number of members in a public company, the minimum number should be seven (7) but maximum number can be unlimited.