Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
296 views
in Business Studies by (25.7k points)
closed by

Distinguish between the following. 

Private Limited company and Public limited company

1 Answer

+1 vote
by (27.7k points)
selected by
 
Best answer
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.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...