Question

You are appearing as a candidate in an interview in a public limited company for the post of recruit recruitment officer one of the member of the interview board ask you the difference between public company and private company express your view to satisfy the interview board with the help of any five points

Answer 1

1: Public company arrange money from public by issuing certificates but private company arrange money from private sources...
2: Public company use limited (Ltd.) as a suffix in the company name but private company use (pvt. Ltd.) as a suffix...
3: In public company, minimum limit of directors is 3 but in private company minimum limit of directors is 2...
4: In public company, minimum starting capital is 5 lakh but in private company, minimum paid up capital is 1lakh...
5: Prospectus is compulsory to issue in public company but in private company there was no need to issue a prospectus...