Difference Among One Person Company, private company and public company
|
Basis |
One person company |
Private company |
Public company |
|
1. Number of Members |
Minimum and maximum number
of member (shareholders) is 1 (one) |
Minimum number of members
is 2 and the maximum 200 excluding its present or past employee member, under
the Companies Act 2013. |
Minimum number of members
is 7 and there is no limit as to the maximum numbers. |
|
2. Transfer of Shares |
Not Applicable |
Articles of Association
restricts the transfer of shares |
Transfer of shares is
usually without any restriction. |
|
3.Prospectus |
Not Applicable |
Prospectus need not be
issued |
Prospectus must be issued
to invite public to subscribe for shares if not a statement in lieu of |
|
4. Subscription of shares |
Shares cannot be offered
to public |
Shares cannot be offered
to public |
Prospectus is filed with
the Registrar of companies Shares can be offered to public. |
|
5.Articles of Association |
Special Articles of
Association are necessary |
Special Articles of Association
are necessary |
Table F given in the
companies Act 2013 may be adopted Alternatively it can have Articles of
association having clauses different from those different from those given
Table F of the companies Act 2013 which will override table F |
|
6.Number of Directors |
It must have at least 1 Director but not more than 15 |
It must have at least 2
Directors but not more than 15 |
It must have at least 3
Directors but not more than 15 |
|
7. Allotment of shares |
Not Applicable |
Shares may be allotted as
the Directors decide |
Shares can be allotted
only if Minimum subscription has been received |
|
8. Public Deposits |
It cannot invited and
accept deposits from public |
It cannot invited and
accept deposits from public |
It can invited and accept
deposits from public |
|
9.Name |
The word ‘OPC’ is used as
part of the name |
The words ‘Private
Limited’ are used as part of the name |
The word Limited is used
as part of the name. |
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