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प्रश्न
Distinguish between: Private Company and Public Company
उत्तर
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Sr. No. |
Basis of Difference |
Private Company |
Public Company |
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1.
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Definition |
A private company is a company which by its articles restricts the right to transfer its shares, if any, limits the number of its members to 50. |
A public company means a company which is not a private company. |
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2. |
Number of Directors |
In a Private limited company a minimum number of 2 directors is essential. |
In a Public limited company a minimum number of 3 directors is essential. |
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3. |
Transfer of Shares |
Shares in private limited company are not transferable. |
Public company can invite public for issuing its shares and debentures. |
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4. |
Number of Members |
The minimum numbers of members are 2 and maximum 50. |
The minimum numbers of members are 7 and there is no maximum limit of members. |
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5. |
Name |
It is compulsory to add the word ‘Private Limited’ after the name if the Private Company. |
It is compulsory to add the word ‘limited’ after the name of public company. |
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6. |
Issue of Prospectus |
It is not compulsory to issue the prospectus and statement in lieu of prospectus. |
It is compulsory to issue of prospectus and in the absence of prospectus to sent statement in lieu to the registrar. |
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7. |
Minimum Capital |
Minimum paid-up capital is one lakh rupees. |
Minimum paid-up capital is five lakh rupees. |
APPEARS IN
संबंधित प्रश्न
State true or false.
The ownership and management is not separated in a Joint Stock Company.
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Group A
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Group B
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(a) Registration of a company
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(1) 24th December
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(b) E-business
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(2) One man one boss
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(c) World consumers’ Right Day
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(3) Giving direction
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(d) Principle of unity of command
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(4) One man many bosses
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(e) Controlling
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(5) Outsourcing.
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(6) 15th March
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(7) Optional
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(8) Electronic business
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(9) Taking corrective action
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(10) Compulsory
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A company in which there are maximum 50 members.
Private Company and Public Company
A company which is incorporated under Special Act of Parliament.
Select the proper option from the options given below and rewrite the completed sentence.
The maximum number of members in a private limited company are ________
Select the proper option from the options given below and rewrite the completed sentence.
The liability of the shareholders in the public limited joint stock company is ________.
Select the proper option from the options given below and rewrite the completed sentence.
A joint stock company is an Artificial person created by ________.
Select the proper option from the options given below and rewrite the completed sentence.
Registration of a Joint stock company is ________.
Select the proper option from the options given below and rewrite the completed sentence.
The minimum numbers of persons required for the registration of a private company is ________.
Select the proper option from the options given below and rewrite the completed sentence.
The minimum number of Directors in a public company are ________.
Select the proper option from the options given below and rewrite the completed sentence.
The minimum amount of paid up capital for public company is ________.
State with reasons whether the following statement true or false.
A joint stock company can raise huge capital.
Write short answer of the following.
State merits of Joint Stock Company.
Write short answer of the following.
State demerits of Joint Stock company.
State the important privileges available to a private company.
Briefly explain the following term: Common seal
