Formation of a limited company

The only differnce in the incorporation of Private limited Company at Public limited Company is

1.  In case of Public Limited Company minimum number of members is 7.
 

2.  In public Limited Company there should be  minimum 3 Directors in the      Company. 

3. Public Company must have a minimum paid-up capital of Rs. 5,00,000.

4. A Private Company can commence its business immediately after its incorporation, whereas a Public Limited Company cannot start its business until a Certificate to commencement of business is issued to it . Company is required  to obtain a separate certificate of commencement of business according to section 149(2A) of the Companies Act, 1956.