Question

 Private Company and Public Company

Answer 1

 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.