No
|
Private Company
|
Public Company
|
1
|
A private Company means a Company which by its Articles
(a) Restricts the right to transfer its shares, if any
(b) Limits the numbers of its members (not including its employees) to fifty;
(c) Prohibits any invitation to the public to subscribe for any shares in or debentures of the Company.
|
A Public Company means a Company which is not a Private Company.
|
2
|
Minimum number of Members :
The Minimum number of persons required to form a Private Company is Two.
|
Minimum number of Members :
The Minimum number of persons required to form a Public Company is Seven.
|
3
|
Maximum Member:
Maximum Number in a Private Company is fifty.
|
Maximum Member:
In the case of Public Company, there is no restriction on the maximum number of members.
|
4
|
Number of directors :
In a Private Company must have at least two directors
|
Number of directors
In a Public Company, there must have at least three Directors.
|
5
|
Restrictions on the appointment of directors:
In a Private Company, there is no restrictions on the on appointment of directors
|
Restrictions on the appointment of directors:
In the case of Public Company, the directors must files with the Registrar a consent to act as a director or sign the memorandum of association or enter into a contract for their qualification shares.
|
6
|
Restriction on the invitation to subscribe for shares:
A private Company by its Articles prohibits any invitation to the public to subscribe to any the shares in or debenture of, the company.
|
Restriction on the invitation to subscribe for shares:
A Public Company invites the general public to subscribe for the shares in and the debenture of the company.
|
7
|
Transferability of Shares :
In a Private Company, right to transfer shares is restricted by the Articles.
|
Transferability of Shares :
In a Public Company, the shares are freely Transferable.
|
8
|
Special Privileges :
A private Company enjoys some special privileges.
|
Special Privileges :
A Public Company enjoys no such Privileges.
|
9
|
Quorum:
For the General meetings of Private Company quorum required is two
|
Quorum:
In the case of Public Company, for the General meetings of a public company quorum required is Five.
|
10
|
Managerial Remuneration:
No restrictions apply to a Private Company as like Public Company.
|
Managerial Remuneration
The managerial remuneration in a public company cannot exceed 11% of the Net profit.
|
Distinction / Difference between a Public Company and a Private Company
It is really a great and useful piece of info. I am glad that you shared this useful information with us. Please keep us informed like this. Thanks for sharing. see it here
ReplyDeleteThe company expected to recruit extra work force to deal with the development it had encountered and to help expected proceeded expansions in income. Insulation Company Tampa
ReplyDeleteIEEE Final Year Project centers make amazing deep learning final year projects ideas for final year students Final Year Projects for CSE to training and develop their deep learning experience and talents.
ReplyDeleteIEEE Final Year projects Project Centers in India are consistently sought after. Final Year Students Projects take a shot at them to improve their aptitudes, while specialists like the enjoyment in interfering with innovation.
corporate training in chennai corporate training in chennai
corporate training companies in india corporate training companies in india
corporate training companies in chennai corporate training companies in chennai
I have read your blog its very attractive and impressive. I like it your blog. Digital Marketing Company in Chennai Project Centers in Chennai
i read a lot of stuff and i found that the way of writing to clearifing that exactly want to say was very good so i am impressed and ilike to come again in future.. company incorporation Singapore
ReplyDelete