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  • Private Company Vs Public Company

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    Shashank Goyal
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    PRIVATE VS. PUBLIC COMPANY CRITERIA Minimum-7 Maximumunlimited PRIVATE COMPANY Minimum-2 Maximum-50 (this is excluding past and present employees who are presently members) Minimum paid up capital Statutory meeting Restriction on managerial remuneration Power of board of directors commencement of business Name of the company No No No 5 lakhs Required Restricted Restricted Only after getting certificate of commencement of business Ends with 'Ltd' Can accept only from

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    Private Company vs Public Company

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    PRIVATE VS. PUBLIC COMPANY CRITERIA Minimum-7 Maximumunlimited PRIVATE COMPANY Minimum-2 Maximum-50 (this is excluding past and present employees who are presently members) Minimum paid up capital Statutory meeting Restriction on managerial remuneration Power of board of directors commencement of business Name of the company No No No 5 lakhs Required Restricted Restricted Only after getting certificate of commencement of business Ends with 'Ltd' Can accept only from

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    38 views1 page

    Private Company Vs Public Company

    Uploaded by

    Shashank Goyal
    PRIVATE VS. PUBLIC COMPANY CRITERIA Minimum-7 Maximumunlimited PRIVATE COMPANY Minimum-2 Maximum-50 (this is excluding past and present employees who are presently members) Minimum paid up capital Statutory meeting Restriction on managerial remuneration Power of board of directors commencement of business Name of the company No No No 5 lakhs Required Restricted Restricted Only after getting certificate of commencement of business Ends with 'Ltd' Can accept only from

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    PRIVATE COMPANY VS.

    PUBLIC COMPANY

    SL NO 1

    CRITERIA Number of members

    PUBLIC COMPANY Minimum-7 Maximum- unlimited

    PRIVATE COMPANY Minimum-2 Maximum-50 (this is excluding past and present employees who are presently members. Joint holders are counted as one member) Yes Yes

    2 3

    5 6 7 8 9 10

    Restriction on transfer of shares Prohibition on inviting public to subscribe debenture or shares Prohibition on invitation or acceptance of deposits from public Minimum paid up capital Statutory meeting Restriction on managerial remuneration Power of board of directors Commencement of business Name of the company

    No No

    No

    5 lakhs Required Restricted Restricted Only after getting certificate of commencement of business Ends with Ltd

    Can accept only from members, directors or their relatives. 1 lakh Not required No restrictions No restrictions Soon after incorporation Ends with Private Ltd

    arunpchacko@gmail.com

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