The maximum number of shareholders in a public liability company is

Commerce

JAMB 2018

A. One hundred
B. Unlimited
C. Fifty
D. Twenty

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Correct Answer: Option B

Explanation

To start a company, a minimum number of 7 members are required and no restrictions on maximum number of members as per the provisions of the Companies Act, 2013.

members are unlimited

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The maximum number of shareholders in a public liability company is

Correct Answer: Option B

Explanation

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