why companies put ltd and pvt ltd,what is the difference?
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 |
Post New Answer View All Answers
entry for cash received from debtors
how to upload ledgers in excel or word document
how can we get a leaverage in intraday market if are not a professional acount holder?
What are mis reports?
What is an adjusting journal entry?
what is general accounting
why i want to join Hawkins company
Do you know what is icai?
My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.
Anti Takeover policies
Tell me what are things will not be included in bank reconciliation statement?
how to account branches in tally
Wo kya cheez hai jo sal me 1bar mahine me 2 bar aur hafte me 4 bar aur din me 6 bar ata hai?
How to Automate requirment mapping in QC?
WHAT IS THE DIFFERENCE BETWEEN ESTIMATED BALANCE SHEET & PROJECTED BALANCE SHHET