Tanveer Md Masood (Indispensable) (361 Points)
19 December 2012Dear experts,
Just wanted to clear your doubt regarding the difference between a private limited and a limited company. A limited company is the one where the members are not liable or their personal properties are not liable for company's debt while private is generally prefixed with limited company.
regards
tanveer md masood
Tanveer Md Masood
(Indispensable)
(361 Points)
Replied 20 December 2012
A company registered or incorporated for the purpose of charity , commerce, science, research, religion and other such purpose can be incorporated as a limited company without adding or prefixing "private" to it.
such company is not required to offer diivdend to shareholders but can indeed make profit or earn income.
Regards,
Tanveer Md Masood
CAclubindia
