Sarthaks Test
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What is a public company?

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Minimum requirement of a public company is seven person. As per the Section 3 (1) (iv) of Companies Act 1956, public company is a company which (a) is not a private company, (b) has minimum capital of ? 75 lakh or such higher paid-up capital as may be prescribed, and (c) is a private company which is a subsidiary public company

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