What is/are the following differences between private and public limited companies?
1. In a private limited company there is restriction on the number of members, where as no such restriction is applicable on a public limited company.
2. A private limited company can be listed on a stock exchange, where as a public limited company is always listed on a stock exchange.
3. A private limited company cannot issue debentures, whereas a public limited company can issue debentures.

A. 1 only

B. 2 and 3 only

C. 1 and 3 only

D. 1, 2 and 3

Answer: Option A