distinguish between private company and public company on the basis of members and paid up capital
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PRIVATE COMPANY:
☆ Members– To start a company, a minimum number of 2 members are required and a maximum number of 200 members as per the provisions of the Companies Act, 2013.
☆ Paid up capital– It must have a minimum paid-up capital of Rs 1 lakh or such higher amount which may be prescribed from time to time.
PUBLIC COMPANY:
☆ Members– To start a company, a minimum number of 7 members are required and no restrictions on maximum number of members as per the provisions of the Companies Act, 2013.
☆ Paid up capital– It must have a minimum paid-up capital of Rs 5 lakh or such higher amount which may be prescribed from time to time.
hope it helps friend ♡♡
☆ Members– To start a company, a minimum number of 2 members are required and a maximum number of 200 members as per the provisions of the Companies Act, 2013.
☆ Paid up capital– It must have a minimum paid-up capital of Rs 1 lakh or such higher amount which may be prescribed from time to time.
PUBLIC COMPANY:
☆ Members– To start a company, a minimum number of 7 members are required and no restrictions on maximum number of members as per the provisions of the Companies Act, 2013.
☆ Paid up capital– It must have a minimum paid-up capital of Rs 5 lakh or such higher amount which may be prescribed from time to time.
hope it helps friend ♡♡
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