Minimum requirement of members for a public limited company- seven
Maximum requirement of members for a private limited company- fifty but does not include the employees who are either in employment at present or in past and acquired shares in course of employment
Transformation from a controlled regime to regulatory regime.Easing the govt. Control,allowing an entity to operate in a competitive environment so as to instill efficiency,economy in it.
Management accounting is a forward looking concept with the help use of cost accounting techniques.