29 January 2010
A Private limited has lesser number of restrictions as well as compliance issues under the Companies Act. A private limited company also enjoys exemption from compliances of many provisions.
A Private limited company is considered similar to a closely held company, though it does not always hold true. The ROC would also be less vigilant on a private limited company as compared to a public company.
30 January 2010
in addition public company has responsibility toward public shareholder as it is not in case of private company bcz promoters are the only shareholders and sebi and stock exchange rule and regulations implications are also not applicable to private company.
30 January 2010
ya But what i knw is that Public Companys are still better than Private companies as they can raise money from the Public and enjoys better image .. Is that true ?
CAclubindia
