What Is The Differences Between Private And Public Company

 The following are difference private and public company

  • for a private company the minimum number of Board members required for a is 2 and for a public company it is 7.
  • Private company can have maximum of only 50 members, but a  public company can have any number of members.
  • A private company can start its business at any time as it is incorporated but the public company requires a business commencement certificate to start its function.
  • Private company cannot sell it’s shares to anyone and cannot call for share holding invitation to public , but a public company can invite people to buy it’s shares by issuing a prospectus.
  • Private company may have two directors, but a public company must have at least three directors.

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