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The maximum number of shareholders in a public liability company is

The maximum number of shareholders in a public liability company is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Twenty
  • B One hundred
  • C Fifty
  • D Unlimited
Correct Answer: Option D
Explanation:
A public limited company does not have a maximum limit on the number of shareholders. Unlike a private company, whose membership is restricted by law and its articles, a public company can have an unlimited number of shareholders.

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