This article will help you to learn about the difference between a private company and a public company. Difference between a Private Company and a Public Company Private Company Difference - 1. Minimum number: The minimum number of persons required to form a private company is two. Difference - 2. Maximum number: The maximum number of members in a private [...]
A private company may become a public company in any of the following three modes: 1. Conversion by Default. 2. Conversion by Operation of Law or Private Company to be Deemed Public Company. 3. Conversion by Choice. 1. Conversion by Default: Where a private company makes a default in complying with the statutory requirements as laid down in Sec. 3(1)(iii) [...]
By taking the following steps, a public company can be converted into a private company: 1. Alteration of Articles of Association 2. The Consent of Central Government 3. To File an Altered Copy of Articles with the Registrar. 1. Alteration of Articles of Association: The Articles of Association of the public company should be altered by passing a special resolution [...]