Question

Experts who help promoters in the promotion of a company are also called promoters.

Answer 1

Answer:

Minimum number of members to form a private company is

(a) 2

(b) 3

(c) 5

(d) 7

Answer (a) To form a private company the memorandum of association is needed to be signed by at least two members.

2. Minimum number of members to form a public company is

(a) 5

(b) 7

(c) 12

(d) 21

Answer (b) To form a public company, at least seven members must sign the memorandum of association

Explanation:

For example