Question

Difference between private limited company and public limited company in india

Answer 1

There are two types of the companies in India limited by shares viz. Private Limited company and Public Limited Company. ... On the other hand, the public company means a company which is not a private company and has minimum of 7 shareholders/subscribers. It has to have a minimum paid-up share capital of Rs. 5 Lakh.

Answer 2

The registration of the partnership firm is not compulsory whereas a Private Limited Company needs to get Compulsory Registration. ... In the Partnership Firm, a liability of the partners is unlimited whereas In case of Private Limited Company Liability is limited to the extent of shares held by every member.