DIFFERENCE BETWEEN A PUBLIC COMPANY AND PRIVATE COMPANY

 

Basis	Public company	Private company
Members	Minimum – 7 Maximum - unlimited	Minimum – 2 Maximum - 50
Minimum number of directors	Three	Two
Minimum paid up capital	Rs. 5 lakhs	Rs. 1 Lakh
Index of members	Compulsory	Not compulsory
Transfer of shares	No restriction	Restrictions on transfer
Invitation to public to subscribe to shares	Can invite the public to subscribe to its shares or debentures	Cannot invite the public to subscribe to its shares and debentures