Mr. Anurag Jain's post has the most authentic information. Most of the other posts are very amateur and are based on incorrect and incomplete information. Please also search for earlier posts on the same topic to gain more information. For more details, refer to 'Companies Act, 1956'.
From India, Pune
35From India, Pune
As far as my knowledge:
Private companies are owned by a limited number of promoters or shareholders as per the provisions of the Companies Act. In the case of public limited companies, there can be any number of shareholders, but the minimum limit is 7. The general public can also purchase shares as issued by the company. If both are limited companies, the liability of the shareholder will be limited to his holdings in the company.
For more details, please refer to the Companies Act.
TM
From India, Calicut
Private companies are owned by a limited number of promoters or shareholders as per the provisions of the Companies Act. In the case of public limited companies, there can be any number of shareholders, but the minimum limit is 7. The general public can also purchase shares as issued by the company. If both are limited companies, the liability of the shareholder will be limited to his holdings in the company.
For more details, please refer to the Companies Act.
TM
From India, Calicut
Hi,
Please read the above comment. I would like to highlight one more point here: the main difference between a private limited (Pvt Ltd.) and a public limited (Public Ltd.) company is that the shares of a private limited company are owned by family members or some stipulated members only, while the shares of a public limited company are open to all in the share market.
Regards,
Mahadev K
From India, Pune
Please read the above comment. I would like to highlight one more point here: the main difference between a private limited (Pvt Ltd.) and a public limited (Public Ltd.) company is that the shares of a private limited company are owned by family members or some stipulated members only, while the shares of a public limited company are open to all in the share market.
Regards,
Mahadev K
From India, Pune
Hi all,
The basic difference between a private limited and public limited company is that there are restrictions on the transfer of shares of a private company, whereas shares of public limited companies are freely transferable. Second, the capital of a private limited company has a minimum requirement of one lakh, while in the case of a public limited company, the minimum capital is five lakh. Third, a private limited company cannot issue an IPO (Initial Public Offering). Fourth, in terms of statutory compliance, private limited companies have to follow fewer compliance requirements than public limited companies.
From India, Pune
The basic difference between a private limited and public limited company is that there are restrictions on the transfer of shares of a private company, whereas shares of public limited companies are freely transferable. Second, the capital of a private limited company has a minimum requirement of one lakh, while in the case of a public limited company, the minimum capital is five lakh. Third, a private limited company cannot issue an IPO (Initial Public Offering). Fourth, in terms of statutory compliance, private limited companies have to follow fewer compliance requirements than public limited companies.
From India, Pune
Dear,
There are a lot of differences between Pvt and Ltd as per the Companies Act of 1956. A few of them are given below:
- Difference
- Pvt Share Capital (minimum): 1 lakh for Ltd, 5 lakhs
- Shareholder (min-max): 2-50 for Ltd, 7-unlimited
- Governed by: Articles for Ltd, Companies Act
There are several sections that are not applicable for a Pvt company but are applicable to Ltd.
For more information, you can email me at rajeev@antiquelimited.com.
Regards,
Rajeev Chaturvedi
From India, Mumbai
There are a lot of differences between Pvt and Ltd as per the Companies Act of 1956. A few of them are given below:
- Difference
- Pvt Share Capital (minimum): 1 lakh for Ltd, 5 lakhs
- Shareholder (min-max): 2-50 for Ltd, 7-unlimited
- Governed by: Articles for Ltd, Companies Act
There are several sections that are not applicable for a Pvt company but are applicable to Ltd.
For more information, you can email me at rajeev@antiquelimited.com.
Regards,
Rajeev Chaturvedi
From India, Mumbai
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