Formation and Organization: Fill In the Blanks

Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on March 12, 2023

1. are not required to issue a prospectus.

2. The minimum number of members in a private limited company is and the maximum is .

3. A public limited company must have at least directors.

4. The documents issued to the public with a view to invite applications for the sale of shares are known as the .

5. The are the owners of the company.

6. The memorandum of association must contain the following five clauses: a. , b. , c. , d. , e. .

7. Private limited companies must have the phrase of as a part of their name.

8. The amount called but not paid by shareholders is referred to as .

9. Corporations are governed by .

10. The shares of a public limited company are .

Formation and Organization: Fill In the Blanks FAQs

About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.