Question

two persons can constitute a private company
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Answer 1

Answer:

......... .

Explanation:

Minimum number of members : Minimum number of members required to form a private company is 2, whereas a Public Company requires at least 7 members. ... Number of Directors : A Private Company may have 2 directors to manage the affairs of the company, whereas a Public Company must have at least 3 directors.

Answer 2

Answer:

A single person cannot constitute a company. At least two persons, voluntarily, must join hands to form a private company, while a minimum of seven persons are required for a public company. A company is created by law.