DIFF. OF LTD. & PVT. LTD CO.

Here are some of the basic differences-

Private Ltd.

Pvt. Co.can be formed by at least two individuals having minimum paid-up capital of not less than Rupees 1 lakh.

Total membership of these companies cannot exceed 50.

The shares allotted to it’s members are also not freely transferable.

These companies are not allowed to raise money from the public through open invitation.

They are required to use “Private Limited” after their names.

Public Ltd.

A minimum of seven members are required to form a public limited company.

It must have minimum paid-up capital of Rs 5 lakhs.

There is no restriction on maximum number of members.

The shares allotted to the members are freely transferable.

These companies can raise funds from general public through open invitations by selling its shares or accepting fixed deposits.

These companies are required to write either ‘public limited’ or ‘limited’ after their names.

Besides above private ltd. co. enjoys many concessions in terms of legal compliances which are otherwise applicable on public co.

Hi ! Please find attatched file which states the exemptions enjoyed by Private Ltd.Co. under The Companies Act,1956

Good Job Gargi.

Dear bishnu, You can also find the same in any good law book.

Dear Bishnu

I think Mohit and Gargi reply will be sufficient to understand the difference between Public Limited Company and Private Limited Company .

Regards

A very handy and useful list Gargi

Keep it up

hi all..

i cant seem to download this file.. can some one send that differences wala doc file to vinaymenon1985 @ gmail.com.. pls??