Distinguish Between · Q8
Q.Distinguish between a Private Company and a Public Company.
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Start your 14-day free trial to unlock the full solution →| Basis | Private Company (Section 2(68)) | Public Company (Section 2(71)) |
|---|---|---|
| Minimum members | 2 | 7 |
| Maximum members | 200 (excluding present/past employee-members) | No maximum |
| Minimum directors | 2 | 3 |
| Transferability of shares | Restricted by the company's own Articles | Generally freely transferable |
| Invitation to the public | Prohibited from inviting the public to subscribe for its securities | May invite the public to subscribe, through a prospectus |
| Name suffix | 'Private Limited' | 'Limited' |
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