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Different between private comany and public company six basic

Posted by Lalit Kumar 5 years, 3 months ago

CBSE > Class 11 > Business Studies

1 answers

Yogita Ingle 5 years, 3 months ago

<th>Basis for Comparison</th> <th>Public Company</th> <th>Private Company</th>

Meaning	A public company is a company which is owned and traded publicly	A private company is a company which is owned and traded privately.
Minimum members	7	2
Maximum members	Unlimited	200
Minimum Directors	3	2
Suffix	Limited	Private Limited
Start of business	After receiving certificate of incorporation and certificate of commencement of business.	After receiving certificate of incorporation.
Statutory Meeting	Compulsory	Optional
Issue of prospectus / Statement in lieu of prospectus	Obligatory	Not required

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