Business Studies, asked by mxhashtag, 6 months ago

A private company is superior to a public company . Discuss

Answers

Answered by nautiyalkrish25

1

Explanation:

(i) Number of Members A private company needs a minimum of two members for its incorporation as compared to seven required by a public company. This makes its formation easier. (ii) Number of Directors A private company can have a minimum of two directors as compared to three directors in case of a public company.

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