Different between private comany and public company six basic

1.	Different between private comany and public company six basic
Answer» <th>Basis for Comparison</th> <th>Public Company</th> <th>Private Company</th> \t\t\tMeaningA public company is a company which is owned and traded publiclyA private company is a company which is owned and traded privately.Minimum members72Maximum membersUnlimited200Minimum Directors32SuffixLimitedPrivate LimitedStart of businessAfter receiving certificate of incorporation and certificate of commencement of business.After receiving certificate of incorporation.Statutory MeetingCompulsoryOptionalIssue of prospectus / Statement in lieu of prospectusObligatoryNot required\t

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