Differences between Public limited companies and Private limited companies

	Public company	Private company
Membership	Minimum of 7 and no maximum	Minimum of 1 and maximum of 50
Prospectus	Can issue a prospectus	Cannot issue a prospectus
Director	At least 2 directors	At least 1 director
Transfer of shares	Shares are freely transferable	Restricts transfer of shares to members only
Commencement of business	Can only commence business after certificate of trading is issued	Can commence business after certificate of Incorporation is issued
Publication of accounts	Must publish its account	No requirement to publish accounts

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One thought on “Differences between Public limited companies and Private limited companies”

Nobody says:

November 26, 2024 at 1:37 pm

Really appreciate your help

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