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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