Consider the following statements about important difference between a public company and a private company -
1. A public company is intended as a vehicle not only for a business but also for public investment in that business, whereas a private company is the private concern of the persons engaged in the business incorporated in it.
2. A private limited company is one that is owned privately by a group of private individuals whereas a limited company is a public limited company that is owned by the general public.
3. The limited company can also invite the public to subscribe to its shares, whereas it is not possible with a private limited company.
Which of the above statements is/ are not true ?
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