1.

Differentiate between public company and private company . 

Answer»

Following are the differences between a public company and a private company:

BASIS OF DIFFERENCEPUBLIC COMPANYPRIVATE COMPANY 
NUMBER OF MEMBERS Has a minimum of 7 members and no limit on maximum members Has a minimum of 2 and a maximum of 200 members, excluding the present and past employees
RESTRICTION ON TRANSFER OF SECURITIES Has no restriction on transfer of securities Restricts the right of members to transfer its shares  
INVITING PUBLIC Is not prohibited from inviting the public to subscribe to its securities Does not invite public to subscribe to its securities 
Minimum No. of Directors Two Three 
Index of Members CompulsoryNot Compulsory 


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