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Doctors Medicines MCQs Q&A

Study the following case and express your opinion:

Kali VFX Ltd. was incorporated on 1st January 2019 as a public limited company.

i. How many minimum numbers of members must be there in this company?

ii. Can the members of this company sell their shares to outsiders?

iii. How many maximum numbers of members can this company have?

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1 Answers

i. A minimum number of members must be 7 in this company because it is a Public company.

ii. Being a Public company member can sell its shares to outsiders. There is no restriction on the transferability of shares.

iii. In a public company, there is no limit for the number of maximum members as it is a Public company.

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