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The maximum number of shareholders in a public liability company is

Commerce
JAMB 2018

The maximum number of shareholders in a public liability company is

  • 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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Post UTME Past Questions Agent
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now