Festive Savings Are Here. Get 10% OFF on All CCI Pro Plans. Subscribe Now!

company incorporation

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

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

CA Sanat Pyne

CA Sanat Pyne (Expert)

28 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.

Message likes : 1 times

Ankur Garg

Ankur Garg (Expert)

28 September 2010 To form a private company minimum number of members are two.

To form a public company minimum number of members are seven.

Kindly check the link below for incorporation process:

https://www.caclubindia.com/articles/procedures-for-incorporation-and-registration-of-companies-2984.asp

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now