PUBLIC LIMITED COMPANY | PRIVATE LIMITED COMPANY |
Membership Minimum number of persons is 7 and maximum number of person is unlimited. Statutory meeting It Must hold a statutory meeting Transfer of shares The shares are freely transferable Prospectus It must file with the registrar prospectus or statement in lieu of prospectus before allotment of shares. Number of Directors It must have Atleast 3 Directors Share Warrant A public company issue bearer share warrant Preparation of Articles It is not necessary to prepare articles it can adopt Table A. Commencement Certificate It is necessary to receive commencement Certificate | Membership Minimum number of persons is 2 and maximum number of person required is 50. Statutory meeting It need not to hold a statutory meeting Transfer of shares The right to transfer shares is restricted by its articles. Prospectus A Private company need not file a prospectus or statement in lieu of prospectus Number of Directors It must have Atleast 2 Directors Share Warrant A Private company cannot issue bearer share warrant Preparation of Articles It Must Prepare its articles. Commencement Certificate It is not necessary to receive commencement Certificate |
PUBLIC LIMITED COMPANY V/S PRIVATE LIMITED COMPANY
