The minimum number of membership for a public limited company is?

Assessment: WAEC SSCE - Commerce - 1992 (Objective) Subject: Commerce

Question 1 Report

The minimum number of membership for a public limited company is?
Answer Details
The minimum number of membership for a public limited company is seven. A public limited company is a type of business entity that is owned by its shareholders and has limited liability. It is required by law to have a minimum of seven shareholders to be registered and recognized as a public limited company. These shareholders invest their money by buying shares in the company, which gives them a certain ownership stake in the business. This ownership structure allows the company to raise large amounts of capital from the public, hence the name "public limited company."
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