A Comparative Analysis between Public v/s Private Company

An Introduction to Companies, Special

Reference to the Variance of Private

Company and Public Company : An Comparative

Analysis

Members List

Md. Benzir Rahman ID No.: 2-15010126

Md Hafizul IslamID No.: 2-15010120

Jahidul AlamID No.: 2-15010124

A. K. M. Nayeemul HassanID No.: 2-15010125

Comparative Analysis

Traits Public Company Private Company

Definition

Formation

Number of Members

Restriction to transfer of share,

Minimum 2 & Maximum 50, Prohibition of

inviting shares

Have right to transfer shares

and issuing share through IPO

Easy too form Critical & time consuming

Minimum: 02, Maximum: 50

Minimum: 07, Maximum: No

limit



Commencement of Business

Prospectus

After getting registration

After getting the certificate of

incorporation

No need Need



Transfer of Share

Capital

Adding Limited Clause

No right Have right

Less capital Huge capital

“Private Limited” written down

Only “Limited” written down



Number of Directors

Formation of BOD

At least 2 At least 3

Not compulsory for every year

Every year needs to form it in

general meeting



Remuneration

Statutory meeting and

statutory report

Quorum

No need to fixClearly stated in

the general meeting

No need

From commencement of business, it have to held

within 6 monthsAt least 2, if the member is 6

At least 3 if the member is more

than 6At least 7



Right to Vote

Articles of Association

Have right to vote Don’t have the right to vote

Compulsory Not compulsory



Public Subscription

Member Index

Issue of Share Warranty

No right to invite Have right to invite

No need Needed

No needed Needed



Issue of Right Share

Maintaining Good

Relationship

No needed Needed

Possible Difficult

Thanks to All

A Comparative Analysis between Public v/s Private Company

Law

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