As of my last knowledge update in January 2022, there is no specific minimum requirement for the number of members (shareholders) to form a public company in India. The Companies Act, 2013, which governs the incorporation and functioning of companies in India, does not prescribe a minimum limit for the number of shareholders for a public company.

In practice, a public company can be formed with any number of shareholders, but it’s important to note that the company must have a minimum of three directors. These directors can also be shareholders, but there is no strict minimum number of members required.

The primary distinction between a public company and a private company, in terms of membership, is that a public company can have an unlimited number of members, and its shares can be freely traded on the stock exchange. In contrast, a private company is limited to a maximum of 200 members (excluding employees and former employees who are also members).

It’s crucial to refer to the latest provisions of the Companies Act, 2013, and consult with legal professionals or company registration experts to ensure compliance with the current regulations and any updates that may have occurred since my last knowledge update. Additionally, regulations and requirements may be subject to change, so staying informed about the latest legal provisions is essential.