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.