|
|
|
Private Co. |
Public Co. |
|
a. |
Minimum no. of members required |
2 |
7 |
|
b. |
Maximum no. of members possible |
50 |
any number |
|
c. |
Minimum no. of directors required |
2 |
3 |
|
d. |
Maximum no. of directors possible |
No limit as per Articles |
subject to a maximum of 12. Permission of the Central
Government is required beyond 12. |
|
e. |
Right to transfer shares |
Restricted |
No restriction |
|
f. |
Invitation to the public |
Prohibited |
Not prohibited |
|
g. |
Deposits from public |
Prohibited |
Not prohibited |
|
h. |
Minimum paid-up capital required |
Rs. 1 lac |
Rs. 5 lacs |
|
i. |
Procedures to be followed |
Limited |
Many |
