The minimum number of members in case of a public company is 7. This is because a public company is a company that offers its shares to the public for subscription. This means that anyone can buy shares in the company, and the company can have a large number of shareholders. In order to protect the interests of the shareholders, the law requires that a public company must have at least 7 members.
Option A is incorrect
because a sole proprietorship is a business owned and operated by one individual. There is no minimum number of members required for a sole proprietorship.Option B is incorrect because a partnership is a business owned and operated by two or more individuals. There is no minimum number of members required for a partnership.
Option C is incorrect because a private company is a company that is not offered to the public for subscription. The minimum number of members in case of a private company is 2.
Option D is incorrect because a public company is a company that offers its shares to
the public for subscription. The minimum number of members in case of a public company is 7.