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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'.

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

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

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.

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

What is advantage for employees to work in limited company than others?

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