11 January 2012
DEAR SIR, WHAT IS THE MAJOR DIFFERENCE BETWEEN LTD COMPANY AND PRIVATE LIMITED COMPANY AND WHAT ARE ADVANGES BETWEEN THOSE. WHAT IS LTD COMPANY.
Guest
Guest
(Expert)
11 January 2012
Public company minimum capita is 5.00 Lacs and for private company it is 1.00 Lacs.
Public Company minimum 3 director and private company has minimum 2 director
Public company minimum shareholder 7 and for private company it is 2 shareholders.
There is no maximum limit on shareholders for public company while for private company it is 50.
Public company has more ease of operation rather than private company.
11 January 2012
Public company has more ease of operation because it can go for expansion and diversification of business operations. It can also obtain loans from banks/FI's/NBFC with much less hassle than private companies. Thanks
CAclubindia
