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| 1. |
Different between private comany and public company six basic |
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| Answer» | Basis for Comparison | Public Company | Private Company | \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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