Explain three characteristics of a public company

Explain three characteristics of a public company

ANSWER

Characteristics of the public company

  1. Minimum a seven members but the maximum is unlimited
  2. Must have at least two directors
  3. Must obtain a certificate of trading in order to commence business.
  4. Is obliged to publish accounts
  5. Share are freely transferable
  6. Must hold the statutory meeting pursuant to the Companies Act.