A Public Company has seven or more members and can invite the public to subscribe to its shares. A subsidiary company of a Public company is deemed to be a public company. A Private company is an organization that limits its number of members to 200 and cannot invite the public to subscribe to its shares. The Companies Act, 2013 provides for converting a Public Company to a Private Company by altering the MOA and AOA of the company. The main advantage of Public companies is that it can raise reserves on a large scale without approaching the banking system and reducing debt whereas Private Companies which are privately owned, all the reserves are raised by existing members, shareholders, and promoters. If a private company goes public then the risk is also shared among the shareholders. Public companies once recorded, get indirect promotions and support through stock exchange websites where their stocks are recorded. Private to Public Limited Company It's great news that ...