Education and Career Forum

minimum number of member in public company...please tell me

Hello friends

There is no limit in public sector for members

Form of organisation Minimum Maximum

1)Sole Proprietorship 1 Minimum 1 Maximum

2)partnership:
a)Banking business 2 Minimum 10 Maximum
b)Other business 2 Minimum 20 Maximum


3)Company:
a) Private Limited 2 Minimum 50 Maximum
b)Public Limited 70 Minimum No limit Maximum

Thank you

hi dear,
There are different different minimum and maximum numbers of members ae decided for different organization.
Like:

1 minimum and 1 maximum for sole proprietorship.
2 minimum and 10 maximum for banking (partnership)
2 minimum and 20 maximum for other business(partnership)
2 minimum and 50 maximum for private limited in company
70 minimum and no maximum for public limited in company

The number of members in the public sectors are solely decided by the government of India and there is no rules or guidelines for the fixed number of members or employees in a government enterprise.

I am planning that transfer my all share in private limited to its holding company and thereby my will 100% subsidiary. Tterefore number of member will be 1. is it OK

The minimum number of members required to form a public limited company is 7(seven) not 70(seventy). Everywhere in here it is written 70 but that is not right!

There is no limit in terms of members in public limited company you can take any number of members.