What is private company and public company full detailed?
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Private company refers to that companies which are owned, run and managed by the private persons.Its main objective is to earn the profits.
There are minimum 2 members are needed to start a private company and maximum members limit will be 200.
There is a restrictions for private company members to transfer the shares..
For examples - - Sole tradership, partnership, joint stock company.. Etc..
Public company refers to that company which are owned, run and managed by the government.. It s main motive is to render service to the general public.
There are minimum 7 members are needed to start public company..and no maximum limit of members is needed.
There is no restrictions on transfer of shares
For example - - RBI, LIC, SBI, FCI ETC.
There are minimum 2 members are needed to start a private company and maximum members limit will be 200.
There is a restrictions for private company members to transfer the shares..
For examples - - Sole tradership, partnership, joint stock company.. Etc..
Public company refers to that company which are owned, run and managed by the government.. It s main motive is to render service to the general public.
There are minimum 7 members are needed to start public company..and no maximum limit of members is needed.
There is no restrictions on transfer of shares
For example - - RBI, LIC, SBI, FCI ETC.
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