hi !
We want start new company for webdesign purpose.
We want start pvt company.Now my query is that " What different in company limited by shares and company limited by gurenty?
Sandeep Pandey
(CA FINAL)
(1306 Points)
Replied 30 December 2010
CS Vijay Daxini
(At Practice)
(732 Points)
Replied 30 December 2010
agree with sandeep.................
CA Saba Naaz
(Chartered Accountant)
(8487 Points)
Replied 31 December 2010
ya.......agree with sandeep
vasudevan
(.)
(376 Points)
Replied 31 December 2010
Agreed with other's view.
Just to add more, most of the private companies are "Limited by shares", started with a minimum paid-up capital of INR 1lac. In company limited by guarentee, the liability of each member is mentioned in the Memorandum itself.
Generally there is no difference, except for the liability of the members (owners).
prateek rijwani
(Industrial Trainee)
(125 Points)
Replied 31 December 2010
agreed with all...........
Prateek
(B.Com(H) PGDBA CA Final)
(436 Points)
Replied 31 December 2010
keep your options for LLP also
Mohit Srivastava
(Article)
(131 Points)
Replied 31 December 2010
Hi Payal,
In Short 2 typs of company as u questioned that means as under
COMPANY LIMITED BY SHARES it means the person who has taken the shares of company his liability is limited to the amount unpaid by him on shares...
COMPANY LIMITED BY GUARANTEE IT means the liability of the person is limited to the guarantee is given by them.In this it is dosn;t matter whether person has taken no of shares are not.
RAM KUMAR.K.S
(EMPLOYEE)
(167 Points)
Replied 31 December 2010
yes..i too..
but before going for shares and all...start with limited number of persons as directors and after getting some recognition and credit worthyness for ur company then only go for shares and all...never make complicate right from the begining itself...all the best..happy new year tooooo
Vijay
(CA Final)
(60 Points)
Replied 01 January 2011
Limited Liability Partnership (LLP) is the latest and best option available.
CAclubindia
