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04 September 2010 What is Minimum number of members for forming a Company?

CA Sanat Pyne

CA Sanat Pyne (Expert)
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04 September 2010 A public company must have at least 7 members whereas a private company may have only 2 members. If the number of members fall below the statutory minimum and the company carries on its business beyond a period of six months after the number has so fallen, the reduction of number of members below the legal minimum is a ground for the winding up of the company.

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