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Question
Private Company and Public Company
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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RELATED QUESTIONS
The maximum number of member is a private company are ___________
a. 50
b. 40
c. 20
Distinguish between Private Company and Public Company.
State true or false.
The ownership and management is not separated in a Joint Stock Company.
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Group A
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Group B
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(a) Registration of a company
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(1) 24th December
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(b) E-business
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(2) One man one boss
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(c) World consumers’ Right Day
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(3) Giving direction
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(d) Principle of unity of command
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(4) One man many bosses
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(e) Controlling
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(5) Outsourcing.
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(6) 15th March
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(7) Optional
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(8) Electronic business
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(9) Taking corrective action
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(10) Compulsory
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Features of a Government company.
A company which is incorporated under Special Act of Parliament.
Select the proper option from the options given below and rewrite the completed sentence.
The maximum number of members in a private limited company are ________
Select the proper option from the options given below and rewrite the completed sentence.
The liability of the shareholders in the public limited joint stock company is ________.
Select the proper option from the options given below and rewrite the completed sentence.
The elected representatives of shareholders are called ________.
Select the proper option from the options given below and rewrite the completed sentence.
Registration of a Joint stock company is ________.
Select the proper option from the options given below and rewrite the completed sentence.
The minimum numbers of persons required for the registration of a private company is ________.
Select the proper option from the options given below and rewrite the completed sentence.
The minimum number of Directors in a public company are ________.
Select the proper option from the options given below and rewrite the completed sentence.
The minimum amount of paid up capital for public company is ________.
Distinguish between the following.
Private Limited company and Public limited company
State with reasons whether the following statement true or false.
A joint stock company can raise huge capital.
State the important privileges available to a private company.
Briefly explain the following term: Perpetual succession
Briefly explain the following term: Common seal
Briefly explain the following term: Artificial person
