| Basis of Difference | Private Limited Company | Public Limited Company |
| Number of members | Minimum: 2 Maximum: 50 | Minimum: 7 Maximum: No limit |
| Number of directors | Minimum two directors are required | Minimum three directors are required |
| Minimum paidup capital | Rs 1 lakh | Rs 5 lakhs |
| Prospectus | Not compulsory to issue prospectus or a statement in lieu of prospectus | Compulsory to issue prospectus or a statement in lieu of prospectus (in case of absence of prospectus). |
| Minimum subscription | Minimum subscription is not required for a private company. | Minimum subscription is required for a public company. |
| Share certificates | It cannot issue share certificates. | It can issue share certificates. |
