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Explain three characteristics of a public company

      

Explain three characteristics of a public company.

  

Answers


Raphael
- Minimum of seven members but the maximum is unlimited.

- Must have at least two directors.

- Must obtain a certificate of trading in order to commence business.

- Is obliged to publish accounts.

- Shares are freely transferable.

- Must hold the statutory meeting pursuant to section 130 (1) of the Companies Act.
raphael answered the question on April 17, 2018 at 19:15


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