Distinguish between private limited company and public limited company
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private companies owned by single ownwer only to earn profit not for public welfare
public lim. companies owned by govt. only for welfare of the society
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Private Limited
- Minimum members is 2
- Minimum directors is 2
- Minimum capital is 100000
Public limited
- Minimum members is 7
- Minimum directors is 3
- Minimum capital is 500000
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