Question

What are the important privileges available to a private company?

Answer 1

The following are some of the privileges of a private limited company as compared to a public limited company

(i) The minimum number of members required to form a private company is only two while at least seven people are needed to form a public company.

(ii) A private company does not need to issue a prospectus as public is not invited to subscribe to its shares.

(iii) Allotment of shares can be done without receiving the minimum subscription.

Answer 2

нєγ мατє ✌️✌️

SOME IMPORTANT PRIVILEGES AVAILABLE TO A PRIVATE COMPANY

⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️

>PROFIT MOTIVE.

>PRIVATE OWNERSHIP.

>PROFIT AS EVIDENCE OF SUCCESS.

>PRIVATE MANAGEMENT.

>LESS POLITICAL INTERVENTION.

HOPE THIS HELPS YOU ☺️