Maharashtra State BoardHSC Commerce 12th Board Exam
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Private Company and Public Company - Organisation of Commerce and Management

 Private Company and Public Company

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Solution

 Private Company and Public Company

Basis of Difference Private Company Public Company
Number of members Minimum: 2
Maximum: 50
Minimum: 7
Maximum: No limit
Number of directors Minimum two directors are required. Minimum three directors are required.
Minimum paid-up capital Rs 1 lakh Rs 5 lakh
Minimum subscription Minimum subscription is not required for a private company. Minimum subscription is required for a public company.
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