Question

Differentiate between private company and public company based on:
(i) Number of members
(ii) Name
(iii) Number of Directors
(iv) Invitation to public
(v) Transferability of shares
(vi) Issue of prospectors
(vii) Statutory meetings
(viii) Rights of giving loans to directors
(ix) Index of members
(x) Minimum shared up capital.

Answer 1

Answer:

I will state on no of members

as more members are there profite is also more

every work can be given to specific person

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Answer 2

As against this, the private company can be started with minimum two members. The is no ceiling on the maximum number of members in a public company. Conversely, a private company can have a maximum of 200 members, subject to certain conditions.