- Difference between private company and public company? maximum 6 point
private company:-
1.it has two directors.
2.restricts the right of members to transfer its shares.
3.minimum 2 and maximum 50 members.
4.does not invite public to subscribe to its share capital.
5.must have a minium capital of 1 lakh or higher.
6.must use Pvt.Ltd. in their name.
public company:-
1.it has three directors.
2.minimum 7 and maximum has no limit.
3.minimum capital 5 lakh or higher.
4.has no restrictions on transfer of shares.
5.public can subscribe to its capital.
6.in name word Ltd. or public ltd must use.
1.it has two directors.
2.restricts the right of members to transfer its shares.
3.minimum 2 and maximum 50 members.
4.does not invite public to subscribe to its share capital.
5.must have a minium capital of 1 lakh or higher.
6.must use Pvt.Ltd. in their name.
public company:-
1.it has three directors.
2.minimum 7 and maximum has no limit.
3.minimum capital 5 lakh or higher.
4.has no restrictions on transfer of shares.
5.public can subscribe to its capital.
6.in name word Ltd. or public ltd must use.
