Co-operative and public companies are similar in respect of __________. A. the liability of members B. the minimum number of members required for registration C. the maximum number of members D. method of distribution of profit

The correct answer is: B. the minimum number of members required for registration

A co-operative society is a business owned and run by its members for their mutual

A public company is a company that is registered under the Companies Act, 2013. The minimum number of members required to form a public company is seven.

Both co-operative and public companies are similar in respect of the minimum number of members required for registration.

The other options are incorrect because:

• The liability of members of a co-operative society is limited to the amount of their investment, while the liability of members of a public company is unlimited.
• There is no maximum number of members for a co-operative society, while the maximum number of members for a public company is 200.
• The method of distribution of profit in a co-operative society is based on
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  the principle of one member, one vote, while the method of distribution of profit in a public company is based on the principle of one share, one vote.