AmaderAD

Monday, November 18, 2013

Difference between Private limited and public limited companies



Private limited company:
(a)   Maximum number of members will be 50 and minimum 2;
(b)   Minimum number of directors will be 2;
(c)   Restriction on transfer of shares;
(d)   Restriction on public offering (IPO);
(e)   No requirement of collection of ‘Certificate of Commencement’ for commencing business.

Public limited company:
(a)   Minimum number of members will be 7;
(b)   Minimum number of directors will be 3;
(c)   No requirement of collection of ‘Certificate of Commencement’ for commencing business.