Explain the following terms/concept : Public company
Explain the following terms/concept :
Public company
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- A minimum of 7 members is needed for incorporation and no maximum limit.
- The shares of a public company are easily transferable.
- The minimum paid-up capital is prescribed by the Articles.
- It can invite and accept deposits from the public.
- A company, which is not a private company is called a Public Company.
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