Question

5 privilages of private company ??....​

Answer 1

1). Index of members: A private company is not required to prepare and maintain any index to the Register of members.

2). Transfer of shares: A private company can refuse to register any transfer of shares with­out any appeal.

3). Members: A private company can be started by two persons only, whereas seven persons are required to start a public company.

4). Commencement of business: A private company can commence business immediately after its incorporation. It is not required to obtain the certificate of commencement of Business.

5). Prospectus: A private company is not required to issue or file a prospectus or statement in lieu of prospectus with the Registrar of Companies.

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