Question

Business 1 difference between private company and public company

Answer 1

Difference between private company and public company are in the above attachment...⬆⬆

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▶ $\red{\underline{PRIVATE \: COMPANY}}$ ➡

$\green{\bold{A \:private \\ \:company\: means\: a \\ \:company \:which \\ \:minimum \:of \:2 \:and \\ \:maximum \:of \:50 \\ \:members \:and \:a\: \\ minimum\: paid \:up \\ \:capital\: of \:Rs.\: 1 \:lakh\: \\ or \:such \:higher \:amount.}}$

▶ $\red{\underline{PUBLIC \: COMPANY}}$ ➡

$\green{\bold{ A\: public \:company\: is \:one\: \\ which \:has \:a\: minimum\: \\ of \:7\: members\: and \\ \:maximum \:of \:unlimited \\ \:members\: and \:a \\ \:minimum \:paid\: up\: \\ capital \:of \:Rs.\: 5\: lakhs\: or\: \\such \:higher\: \\ amount.}}$

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