Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
91 views
in Forms of Business Organisation by (35.1k points)
closed by

What is Public Company?

1 Answer

+1 vote
by (38.9k points)
selected by
 
Best answer

Public Company A public company means a company which is not a private company. As per the Indian 

Companies Act, a public company is one which: 

1. has a minimum paid-up capital of Rs. 5 lakhs 

2. has a minimum of 7 members and no limit on maximum members 

3. can transfer its shares

4. can invite the public to subscribe to its shares. A private company which is a subsidiary of a public company is also treated as a public company. A public company must use the word limited after its name.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

...