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what is the difference between public company and private
company
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Answer Posted / puran singh
public company use the word Ltd. in the end of the company
name but private company use the word private Ltd. in the
end of the company name. the minimum member requir for the
public company is 7 but for the private company it is just
2 and maximum for public company is unlimited but for the
private company is 50. minimum paid up capital for the
public company is 5 lakh but for the private company is 1
lakh. in public company the minimum nomber of directors are
3 but in private are only 2. in public company share can be
transfer easily but in private company you can't transfer
your share to the another person.
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