why companies put ltd and pvt ltd,what is the difference?

Answers were Sorted based on User's Feedback



why companies put ltd and pvt ltd,what is the difference?..

Answer / rajmails2

A Company Which have Public shares (or) Government Share is
said to be Public Company
Acompany Which have private (or) Individuals shares is said
to be Private Company.

Is This Answer Correct ?    51 Yes 9 No

why companies put ltd and pvt ltd,what is the difference?..

Answer / dr. r. b. sharma

According to Company Act there is difference between
private and public company:

Private Company:A company must fulfil the following
conditions:
(i) Restriction to invite publice Deposits.
(ii) Restriction in transfer of securities in public.
(iii) Minimum number of member is 2 and Maxi is 50.

Public Company: there is no boundation in
(i) inviting public Deposites
(ii) Transfability of Securities
(iii) Minimum number of members is 7 & maxi unlimited.

A public company use LTD and Private company use Pvt. Ltd
as surfix with their name.

Is This Answer Correct ?    40 Yes 3 No

why companies put ltd and pvt ltd,what is the difference?..

Answer / sivakumar&nagarguna(mfm)

according to name-clause of the memorandom of association a
private company must use the word pvt,ltd at the end of
company name
ex:- siva pvt,ltd
similarly in public company the word ltd; is used
ex:-reliance ltd;

Is This Answer Correct ?    23 Yes 9 No

why companies put ltd and pvt ltd,what is the difference?..

Answer / jayasree

Accoring to company accounts public comapny means :
1. They can invite shareholdes to investe in that company,
2. Min number required to start public comp is 7 members,
3. Tansferibility of securities,
4. Distribuition of profits/Losses to the share holders,
5. At the end of the company name it uses LTD (Limited
company).
Where as Private company:
1. They can be started his buisness with 2 members,
2. Company uses pvt LTD at the end.
3. Owners of that comapny should bring the capital by way
of lon and his own property, i.e owner does not have right
to annouse IPO.
4. Owners are enjoy the profit and losses of the business.

Is This Answer Correct ?    6 Yes 0 No

why companies put ltd and pvt ltd,what is the difference?..

Answer / deva kumar .g(mrpg.vzm)

ltd means which company have public shares and govt support.
And pvt ltd means it under taken by the individual persons
only so it is cald pvt ltd.

Is This Answer Correct ?    7 Yes 2 No

why companies put ltd and pvt ltd,what is the difference?..

Answer / hina

public cos. use Ltd. whereas private cos. use Pvt. Ltd. as a suffix to their names. 'Ltd.' is used because the liability of the shareholders to pay the creditors of the company is limited to the extent of the proportion of capital invested by them.

Is This Answer Correct ?    4 Yes 1 No

why companies put ltd and pvt ltd,what is the difference?..

Answer / adilakshmi

Company Which have Public shares (or) Government Share is
said to be Public Company
Acompany Which have private (or) Individuals shares is said
to be Private Company.

Is This Answer Correct ?    3 Yes 2 No

why companies put ltd and pvt ltd,what is the difference?..

Answer / nikita gupta

Ltd. words put those companies which are public co.
Pvt. Ltd. put those companies which are private co.

Is This Answer Correct ?    2 Yes 1 No

why companies put ltd and pvt ltd,what is the difference?..

Answer / h.r. sreepada bhagi

The question is about difference between Pvt. Ltd. & Public
Ltd. Companies Act, 1956 in India has specified various
conditions for the two types of companies as mentioned by
Dr. R.B. Sharma.

A Public Company refers to a company owned by the government
(State or Central with 100% or majority shareholding.
A private company refers to a company with no or minor
shareholding by any government.
These are also referred as Public Sector and Private Sector.
Eg. Hindustan Petroleum Ltd., is a Public sector company
(Also a Public Ltd. company) where as Infosys is a private
sector company (Also a Public Ltd. company)

Is This Answer Correct ?    1 Yes 0 No

why companies put ltd and pvt ltd,what is the difference?..

Answer / supriya dasari

According to Companies Act, 1956:-
1. If any company having more than 51% of capital from
public sectors or from central or state Government is called
as public company. For public companies it is to enough to
having LTD at the end of the company name. It has no limit
to issue of shares to the share holders.

2.Where as Private company means , a company which have
limited capital to introduce in to the business and having
limited number of members and having limited number of
shares is called as Pvt. Ltd.For the Private companies the
company should have PVT.LTD at he end of the company name.

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting General Interview Questions

journal entry for goodwill and capital bought by a new partner?

0 Answers  


Honda car dr 11556 purchase 25/08/2010 to bank cr 4100 to loan cr 7456 Installment paid upto 31/7/2012 @ 207/-pm (total 4761/-) Loan Bal. 2695/- Car was cancelled due to accident in June-2012. Finance company refunded 6656/-(15/08/2012) Total accumulated depreciation was 5202.318. what will be the Car write-off entry..??

2 Answers  


what will be the entry for recivables at 31 st march and if they are paid after 1 month then what is the entry

2 Answers   TCS,


3 principles of accounting

8 Answers  


What do you mean by share

7 Answers   Thomson Reuters,






PLZZZZZZZZZZZZ HELP ME FOR THE PREPARATION OF TEST JR.EXECUTIVE (ADMIN)IN ATM IAM APPEARED 1ST TIME IN THIS TEST MY TEST CENTER IS RAWALPINDI MY CONTACT NO IS 03338907330

0 Answers  


how go make jaggery sales and purchace bill in tally 7.2,jaggery lumbs comes in different weight not fixxed weight and i want stock in lumbs and bill amount in rupees (exp.lumbs/weight/rate/amount-1000/102.50/2500/256250)

0 Answers  


my brother is out of country i have lost his bank passbook when i was going to bank for the entries is their essential to take duplicate pass book can my brother is present for this.

0 Answers  


What is the meaning of contra entry

4 Answers  


What is WCT ? Who will Resposible for deposit WCT Means TDS Deductor or Material supplier. Is TDs applicable on WCT. Who will responsible for deposit WCT. I Am New For this Field. Thanks in advance...

1 Answers  


what is joint venture & venture capitaling

2 Answers  


GOODS LOST BY FIRE 100 RS, INSURANCE MONY RECEIVED 120,40 PENDING FOR FINAL SETTLEMENT- Journal Entry

0 Answers   Infosys,


Categories