Limeted and private limited company
This query is : Resolved
18 May 2012
Dear sir
I want to know that what is difference between limited and private limited company.
please give me detailed answer for this i will be thankful to you.
I want to know that what is difference between limited and private limited company.
please give me detailed answer for this i will be thankful to you.
18 May 2012
A company that uses only the word 'limited' is a public company.
A company that uses the word 'private limited' is a private company.
1. A private limited company is one which restricts the rights to transfer its shares, limits the number of its members to fifty, prohibits any invitation to the public to subscribe for any shares or debentures of the company and prohibits any invitation or acceptance of deposits from persons other than its members, directors or their relatives.
2. A limited company is a public company. A public company is a company which is not a private company, has a minimum paid up capital of Rs. 5 lakhs.
A company that uses the word 'private limited' is a private company.
1. A private limited company is one which restricts the rights to transfer its shares, limits the number of its members to fifty, prohibits any invitation to the public to subscribe for any shares or debentures of the company and prohibits any invitation or acceptance of deposits from persons other than its members, directors or their relatives.
2. A limited company is a public company. A public company is a company which is not a private company, has a minimum paid up capital of Rs. 5 lakhs.
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