why companies put ltd and pvt ltd,what is the difference?
Answer Posted / 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 View All Answers
Define a company's payable cycle?
journal entry for goodwill and capital bought by a new partner?
How will service tax & excise be charged?
what is bond wash transaction ,when we have to use it, and what is the procedure please help me with examle
Mention whether the account "cash" will be credited or debited when a company pays a bill?
state (5) accounting concepts and give 1 example of each
What would greater impact a firms valuation, a 10% reduction in revenues or 1% reduction in discount rate?
Did you use accounting applications at your previous companies or prefer working manually??
Is it mandatory for the employees staff of a School, if so give details
what is a difference between public and private accounting?
What are assets minus liabilities?
how will rectify the error in trial balance.
What a deferred asset is and give an example?
Explain me what makes a successful account manager?
sir what is the depreciation and how to calculate depreciation as per company books, i need as per IT ACT, AND Companies Act give me clarification with example