6 Questions
What are the requirements for forming a public company?
The company must have at least seven persons who subscribe their names to the memorandum and comply with the registration requirements of the Act.
How many persons are required to form a private company?
A private company can be formed by two or more persons who subscribe their names to the memorandum and comply with the registration requirements of the Act.
What is an One Person Company (OPC)?
An OPC is a type of private company that can be formed by a single person who subscribes their name to the memorandum and complies with the registration requirements of the Act.
According to Section 3(1) of the Act, how many persons are required to form a public company?
Seven or more persons
According to Section 3(1) of the Act, how many persons are required to form a private company?
Two or more persons
According to Section 3(1) of the Act, how many persons are required to form an One Person Company (OPC)?
One person
This quiz will test your knowledge on the formation and incorporation of a company according to Section 3(1) of the Act. Learn about the requirements for forming public, private, and One Person Companies.
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