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Question
Study the following case/situation and express your opinion.
Kali VFX Ltd. was incorporated on 1st Jan, 2019 as a public limited company.
a) How many minimum number of members must be there in this company?
b) Can the members of this company sell its shares to outsiders?
c) How many maximum number of members can this company have?
Solution
a) Kali VFX Ltd. is a public limited company. In this company minimum 7 members must be there.
b) The members of this company can sell their shares to outsiders. This is because in case of public limited company shares are freely transferable and usually quoted on a Stock Exchange
c) Kali VFX Ltd. is a public limited company. In a public limited company, there is no limit on the maximum number of members
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