The ownership of a public limited liability company is made up of

  • A two to twenty persons
  • B minimum of two and maximum of fifty
  • C minimum of seven and no maximum number
  • D owner owned by the government
jamb 2015economics

The correct answer is C. minimum of seven and no maximum number

In order for a company to be public , it should have a minimum of 7 members (maximum unlimited). Limited liability: The liability of a public company is limited. No shareholder is individually liable for the payment.

Previous question Next question