The minimum number of owners in a private company is:
(a) 7 (b) 10
(c) 2 (d) 20
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Explanation: The minimum number of owners in a private company is:2
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(c) 2
Explanation:
The minimum number of owners in a private company is two.
The scope of this work is restricted to private companies and does not cover public companies or the special rules applicable to private companies that are subsidiaries of public companies. A private company is defined in the act as a company other than a public company.
A public company is limited with a share capital which is identified as such in its memorandum of association and in respect of which the provisions of the act have been complied with.
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