What is the minimum number of members to form a private company as per law? |
2 3 4 7 |
2 |
The correct answer is option 1 i.e. 2. A Company is a legal entity formed individuals, shareholders, or investors coming together to conduct business for profit. The features of a company can vary based on its type (e.g., private , public, limited by shares, limited by guarantee) and the jurisdiction in which it operates. A private company is one which by its articles of association: |