JAMB - Economics (2015 - No. 37)
The ownership of a public limited liability company is made up of
two to twenty persons
minimum of two and maximum of fifty
minimum of seven and no maximum number
owner owned by the government
Explanation
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.
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