Difference between Private limited and public limited companies

Private limited company:

(a)   Maximum number of members will be 50 and minimum 2;

(b)   Minimum number of directors will be 2;

(c)   Restriction on transfer of shares;

(d)   Restriction on public offering (IPO);

(e)   No requirement of collection of ‘Certificate of Commencement’ for commencing business.

Public limited company:

(a)   Minimum number of members will be 7;

(b)   Minimum number of directors will be 3;

(c)   No requirement of collection of ‘Certificate of Commencement’ for commencing business.