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