distinguish between private company and public company
Answers
Answer:
PRIVATE COMPANY
According to the Companies Act, 2013 “A Private company is a company which has a minimum paid-up capital of 1 lakh rupees and which is restricted to have the right to transfer of share”. The Private Limited company has “Pvt.Ltd” at the end of its name.
PUBLIC COMPANY
According to the Companies Act, 2013 “A Public company is a company which is not a private company and has a minimum paid up capital of 5 lakh rupees and have the right to transfer of shares of a company”. The Public Limited company has “Ltd” at the end of its name.
Answer:
Explanation:
The main difference between a private vs public company is that the shares of a public company are traded on a stock exchange. Stocks, also known as equities, represent fractional ownership in a company, while a private company's shares are not.