can company ltd by shares is private ltd or public ltd or both ? plz help
7 Replies
CA Dhiraj Ramchandani
(CA, M. com)
(10823 Points)
Replied 03 October 2009
ofcoarse,,, private as well as public co. can be limited by shares
Harshad Patil
(Industrial Training)
(130 Points)
Replied 03 October 2009
both.
public in case whr Govt is a substantial shareholder and
pvt in case whr individuals hold substantial.
In case of pvt co. the name shud bear ''(India) ltd.'' at the end.
Rectify if m wrong anywhr.
Rahul Gupta
(CA Final Student)
(1780 Points)
Replied 04 October 2009
Hello Dipak,
Both Public as well as Private Ltd Co can be limited by shares, However there are some restrictions to Private Limited Co regarding issue of shares & prospectus.
Regards
Rahul Gupta
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