Question

how is a public limited company formed​

Answer 1

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♠ A minimum of seven members are required to form a public limited company.

$\huge\mathfrak\red {</strong><strong>Requirements</strong><strong>}$

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★ It should have minimum paid-up capital of Rs 5 lakhs.

★ There is no self-possession on maximum number of members.

★ These companies can raise funds from general public through open invitations by selling its shares and accepting fixed deposits.

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♛ƒσłłσω мε♛