Concept:In corporate law, a public liability company has no maximum shareholder limit, only a legal minimum.
Explanation:A private liability company restricts the transfer of its shares.
The maximum number of shareholders allowed in a private liability company is
50.
A public liability company, on the other hand, must have a minimum of
7 shareholders.
The law does not impose any maximum limit on the membership of a public liability company.
This is because its shares are openly offered and sold to members of the general public.
Since the public can keep buying shares, the number of shareholders can grow indefinitely.
Thus, the maximum number of shareholders in a public liability company is unlimited.
Answer:D. unlimited