amitcholle Started The Discussion:
please tell me what is difference between pvt ltd company and ltd company?
Posted 8th October 2010 From India, Sholapur
Dear Amith, In Private Limited Company the company shares are owned by Directors and Promoters. In Limited Company or Public Limited Company the company shares are owned by the public.
Posted 8th October 2010 From India, Mumbai
what is difference between pvt ltd company and ltd company?

Well there have lots different between pvt ltd company and ltd company,

1. Pvt. ltd is wholly private follow the rules and regulation of govt. but implement as its own rules, where as LTD company simply follow the govt rules and implement as per govt.
2. In Private CEO/ chairman is the owner of the co. where as in LTD there have a govt appoint person.
3. In Ltd u got bonus/ gratuity and other benefits where as pvt have some restriction from them.
4. In Ltd u got leave per year where as in pvt no work no pay.

like lots of benefits were restricted in pvt. company.

Kunal
Posted 10th October 2010 From United Arab Emirates, Dubai
In a private limited company number of share holders is between 7 to 50 whereas in public limited company number should be minimum 7 but for maximum there is no limit. Both private limited as well as public limited companies need to make their own working guide lines/rules and in the form of memorandum and articles of association need to get these registered with registrar of companies which has office in the capital of each state where company is going to get it self operative/working.
Posted 11th October 2010 From India, Jaipur
hi
Amitcholle

In a private company the shares are owned by the company,s directors and members only but in the case of a public limited company the shares can be owned by anyone
In case of any private company its liabilities were shared by all the share holders, if you and me are the persons those we have shares, If the company has grown well and it has got a profit and this profit will be divided as dividend on the par value of the share. Just assume that the company is running in loss and it want to pay all those assets belonging to that company, then the total investment or the entire liabilities will be taken form our side.
In case of any public limited company the profit will be divided but in case of any loss there will not be any trouble to the investor. i:e the company is limited to its liabilities
thank you
M.Raj Amruth
Posted 11th October 2010 From India, Bangalore
hi
Amitcholle

In a private company the shares are owned by the company,s directors and members only but in the case of a public limited company the shares can be owned by anyone
In case of any private company its liabilities were shared by all the share holders, if you and me are the persons those we have shares, If the company has grown well and it has got a profit and this profit will be divided as dividend on the par value of the share. Just assume that the company is running in loss and it want to pay all those assets belonging to that company, then the total investment or the entire liabilities will be taken form our side.
In case of any public limited company the profit will be divided but in case of any loss there will not be any trouble to the investor. i:e the company is limited to its liabilities
thank you
M.Raj Amruth
Posted 11th October 2010 From India, Bangalore
Public limited company shall have at least three Directors.

A Private company which is subsidiary of a public company is also a public company.

Public limited company has to obtain Certificate of Commencement of business from the Registrar of Companies before it can commence business on incorporation

In Public limited company, A prospectusor a statement in lieu thereof has to be filed with Registrar of Companies before allotment of shares.

In Public limited company, Its shares are easily transferable and since these can be quoted on a recognised stock exchange, their liquidity is enhanced.

In public limited company, it can have any number of members and it is easy for it to raise capital through public subscriptions.
Posted 11th October 2010 From India, Madras
Hi, Please see the attachment. — — — — — — — — — — — — — — — —
Posted 11th October 2010 From India, Jaipur
Attached Files
Shared By Cite.Community Member "Anurag Jain" For Public Download
File Type: doc Difference between a Private Ltd and Public Ltd [1].doc (38.0 KB, 2235 views)
Dear amitcholle,

The Companies Act, 1956 Bare Act

Definitions of "private company"

(iii) "private company" 5[means a company which has a
minimum paid-up capital of one lakh rupees or such higher paid-up capital as may be prescribed, and by its
articles,-]


(a) restricts the right to transfer its shares, if any;

(b) limits the number of its members to fifty


(c) prohibits any invitation to the public to subscribe for

any shares in, or debentures of, the company;


6[(d) prohibits any invitation or acceptance of deposits
from persons other than its members, directors or their
relatives:]

Provided that where two or more persons hold one or more shares in a company jointly,
----------
Definitions of "public company"

7[(iv) "public company" means a company which-


(a) is not a private company;

(b) has a minimum paid-up capital of five lakh rupees or
such higher paid-up capital, as may be prescribed;

(c) is a private company which is a subsidiary of a company which is not a private company.]
---------

Thanks & Regards,
R.Chandrasekar
Accountant
Mobile: +91-9344564849
E-mail:
Skype: visionsekar
-----------
Posted 12th October 2010 From India, Madras
Please note CEOs of public limited companies are appointed by government only if government holds more then 51% share holding in the company. If shareholding is shared between promoters and public then choice of CEO is made by share holders only. As is the case in companies of various prominent industrial giants.
I suppose I have clarified the position.

With good wishes

Posted 12th October 2010 From India, Jaipur
Mr. Anurag Jain's post has most authentic information. Most of the other posts are very amature and are based on incorrect and incomplete information. Please also search for earlier posts on same topic to gain more information. For more details refer to 'Companies Act, 1956'.

Posted 12th October 2010 From India, Pune
As far as my knowledge:
PVT COMPANIES ARE OWNED BY LIMITED NUMBER OF PROMOTERS OR SHARE HOLDERS AS PER THE PROVISIONS OF THE COMPANY ACT. BUT IN THE CASE OF PUB LTD COMPANIES THERE WILL BE ANY NUMBER OF SHARE HOLDERS BUT MINIMUM LIMIT IS 7. THE GENERAL PUBLIC CAN ALSO TAKE THE SHARE AS ISSUED BY TE COMPANY. IF BOTH ARE LIMITED COMPANIES, THE LIABILITY OF THE SHAREHOLDER WILL BE LIMITED TO HIS HOLDINGS IN THE COMPANY.
FOR MORE DETAILS PL REFER COMPANIES ACT.
TM
Posted 12th October 2010 From India, Calicut
hi,

read above comment, i would like to highlight one more point here,the main difference between pvt ltd. and public ltd company is, the share of pvt ltd company is owned by family member or some stipulated members only and the shares of public ltd company is opened for all in the share market.

regards

mahadev k
Posted 13th October 2010 From India, Pune
hi all,
The basic diffrence betwen pvt ltd and public ltd that restriction upon transper of shares of private company howver shares of public limited companiesfreely transperable, second capital of the company private limited minimum capital one laks and in case of public limited minimum capital is five lakh, third- private limited company cannot issue IPO( innitial public offer)fourth- statutoty complience-private limited companies has to follow less complience than public limited companies.
Posted 15th October 2010 From India, Pune
dear,
there r lot of differnce between pvt and ltd as per companies act 1956, few of them is given below
Diffrence
PVT Share Capital (minimum) 1 lacs for ltd 5 lacs
share holder(min-max) 2-50 , for ltd 7- unlimited
Govern by Articles for ltd Companies act

there r sveral section which r not applicable 4 pvt comany but applicable ltd

for more you can write me on my mail

regards
rajeev chaturvedi
Posted 15th October 2010 From India, Mumbai
What is advantage for employees to work in limited company than others?
Posted 8th July 2013 From India, Chennai



 
 
 
 







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