what is the difference between public company and private
company

Answer Posted / burramurali

Under the 1956 companies act:
public limited company means, it have minimum 50 memners
and maximum unlimited.
private companymeans,it will start with minimum 2 members
butnot exceed the fifty members

Is This Answer Correct ?    35 Yes 30 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How often is the stock market ticker updated? 15sec? 30sec?

2369


Information regarding shop & establishment registration of propiertor ship & require document for this

2036


I want to validate Customer credit payment with customer invoice, When billing time, the system check the customer credit payment, if customer credit is lesser than customer bill, system should not allow the billing further process. Can I configure in sap

1661


I am Simrat Kaur. I am persuing graduation from P.U. I have an experience of 14 months as a CSA. But i hav an experience letter of 6 months.But I can show my joinin letter of the other job. I hav knowledge of basics of computer & internet. Actually, m findin job in chandigarh. I am findin the right opportunity. so, Can u plz help me in findin the right job?? Can u plz tel me abt where interviews r goin on?

1981


How does a bank or financial institution calculate COGS? What are the 'direct' costs of a loan or deposit revenue operation?

7520






In the case of Internal Reconstruction of company Accrued Int. On debenture / Outstanding int. On debenture transfer or not in capital reduction a/c . Explain

1085


Does provisions need to be subtracted from reserves if net worth is calculated on the basis of share capital based method

1947


Occasionally it is said that issuing convertible bonds is better than issuing stock when the firms shares are undervalued. Suppose that the financial manager of Decent Furniture Company does in fact have inside information indicating that the decent stock price is too low. Decent furniture earnings will in fact be higher than investor’s expectations. Suppose further that the inside information cannot be released without giving away a valuable competitive secret. Clearly, selling shares at the present low price would harm Decent’s existing shareholders. Will they also lose if convertible bonds are issued? If they do lose in this case, is the loss more or less than it would be if common stock is issued? Now suppose that investors forecast earnings accurately, but still under value the stock because they overestimate Decent’s actual business risk. Does this change your answer to the questions posed in the preceding paragraph? Explain.

2210


what is correct accounting treatment for preliminary exps and pre-operative Expsas per AS 26? or any other applicable AS?

2112


Treatment of Government grant and its utilization in P

1641


Income Tax Department sends cheque for INR 2 Crore as Refund after completion of Assessment for A.Y.2011 - 2012 to a Company. As per IT Return filed for this year I.T. due to Government was INR 60 Lac but was assessed at INR 70 Lac. TDS due to Company was INR 3 Crore which was admitted as INR 2.7 Crore by Government. Government also adjusts Tax dues for A.Y. 2009 - 2010 of INR 40 Lac which was disputed earlier by the Company and Appeal was lying with the CIT. Government pays Interest to the Company amounting to INR 40 Lac. Provision for Income Tax made by the Company in its accounts for F.Y. 2010 - 2011 (A.Y. 2011 - 2012) was INR 50 Lac. What would be the Journal Entry at the time of receipt of Refund of INR 2 Crore from the Government in A.Y. 2014 - 2015 in the books of the Company?

2078


when will be appsc exams will held pls give me the dates

2196


Does any one attented HSBC audit compliance test? Please let me know asap. suraj

2336


how to solve the problem of sechdule date problem in sap proframme.

2045


what is the abrevation for JJ in form jj

1448