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Differance between ltd co.; pvt ltd and firm

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(Querist)
18 March 2014 please define basic difference between ltd company; pvt ltd and firm as per indian company rule
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CA Surendra Bhatt (ACA,DISA)

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CA Surendra Bhatt (ACA,DISA) (Expert)
18 March 2014 inter aliea i.e. apart from other difference one basic difference is restriction on its members. Ltd. company can have n nomber of shareholders where as Pvt. Ltd. Company can have( Presently) maximum 200 members.

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