Question

Distinguish between Public company and Private company on the basis of:
(a) Number of Members
(b) Number of Directors
(c) Transfer of Shares

Hint:

Make a three-row table: members, directors, transfer of shares.

Answer 1

Step 1: Understand the question:
We must compare a public company and a private company on three bases: number of members, number of directors and transfer of shares.
The best form is a table with one row for each basis.

Step 2: Basis (a): Number of members:
A public company needs at least 7 members and there is no upper limit, so any number of people can join.
A private company needs at least 2 members and can have at most 200.

Step 3: Basis (b): Number of directors:
A public company must have at least 3 directors.
A private company needs at least 2 directors.

Step 4: Basis (c): Transfer of shares:
Shares of a public company can be sold or transferred freely.
In a private company, the articles of association put restrictions on the transfer of shares.

Step 5: Write the table:

Basis	Public Company	Private Company
Number of members	Minimum 7 members; no maximum limit.	Minimum 2 members; maximum 200 members.
Number of directors	Minimum 3 directors.	Minimum 2 directors.
Transfer of shares	Shares are freely transferable.	There are restrictions on the transfer of shares.

Final Answer:
A public company and a private company differ in members, directors and transfer of shares as shown in the table. \[ \boxed{\text{Members: 7+ vs 2 to 200; Directors: 3 vs 2; Shares: free vs restricted}} \]