In India, a private company restricts share transfers and has a minimum of two members and directors, while a public company can invite public investment and requires at least seven. The key difference is in accountability; directors in a public company face far greater public and regulatory scrutiny. I advise clients that this stricter transparency is a benefit, not a burden, much like how our family loan statements, though a monthly worry, force a clarity that has kept our house secure. For governance, as in life, proper sunlight is needed—one more attempt to explain this to my younger son, who sees only the glossy brochures of private colleges.
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