Maharashtra State BoardHSC Commerce 12th Board Exam
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Distinguish Between the Following. Private Limited Company and Public Limited Company - Organisation of Commerce and Management

Distinguish Between

Distinguish between the following.
Private Limited company and Public limited company

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Basis of Difference Private Limited Company Public Limited Company
Number of members Minimum: 2
Maximum: 50
Minimum: 7
Maximum: No limit
Number of directors Minimum two directors are
Minimum three directors are required
Minimum paid-up
Rs 1 lakh Rs 5 lakhs
Prospectus Not compulsory to issue
prospectus or a statement in
lieu of prospectus
Compulsory to issue prospectus or a
statement in lieu of prospectus (in case
of absence of prospectus).
Minimum subscription Minimum subscription is not
required for a private
Minimum subscription is required for a
public company.
Share certificates It cannot issue share
It can issue share certificates.
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Micheal Vaz Organisation of Commerce and Management (OCM) HSC 12th Standard Maharashtra State Board
Chapter 1 Forms of Business Organisations
Distinguish between the following | Q 6 | Page 38
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