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Explain different types of companies

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Explain different types of companies

Posted by Yash Raj Soni 6 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Yogita Ingle 6 years, 3 months ago

On the basis of ownership, companies can be divided into two categories –
Private & Public.

Private Co.	Public Co.
It has minimum 2 and maximum 50 members.	It has minimum 7 and maximum unlimited.
It cannot invite general public to buy its shares and debentures.	It invites general public to buy its shares and debentures.
There are certain restrictions on transfer of its shares.	Its shares are freely transferable.
It can commence business after incorporation.	It can commence business after obtaining certificate of commencement of business.
It has to write Private Ltd. After its name Ex- Tata Sons, Citi Bank, Hyundai Motor India.	It has to write only limited after its name Ex- Reliance Industries Ltd., Wipro Ltd. , Raymond’s Ltd.
In its minimum capital required is one lakh.	In its minimum capital required is five lakhs.

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