Difference between pvt ltd and public ltd
Answers
A private Ltd company is not listed on a stock exchange and it is held privately by the members, On the other hand, the Public Limited Company will be listed on a recognized stock exchange and traded publicly.
A private company can be started by at least two members whereas a public company must have seven members to start the company.
A private company can have minimum two directors, whereas a Public Company should have at least three directors.
A private company can be started only by receiving a certificate of incorporation while for a Public Company, it is necessary to receive the certificate of Commencement of business and it must be Incorporated.
A public limited company is a company listed on a recognized stock exchange and the stocks are traded publicly. On the other hand, a private limited company is neither listed on the stock exchange nor are they traded. It is privately held by its members only.