why companies put ltd and pvt ltd,what is the difference?
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Answer Posted / 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 |
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