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Difference between Government company and private …

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Difference between Government company and private company??

Posted by @ Singh Teotia 4 years ago

CBSE > Class 11 > Business Studies

3 answers

@ Singh Teotia 4 years ago

I am only asking about government company and private company ???????

@ Singh Teotia 4 years ago

I am not asking about public aur private company

Yogita Ingle 4 years ago

<th valign="top" width="197">Bases of difference</th> <th valign="top" width="197">Private company</th> <th valign="top" width="197">Public company</th>

Number of members	It needs at least 1 member for its formation. The maximum number can be 50.	It needs at least 7 members for its formation. The maximum number is not limited.
Invitation for capital	It cannot invite the public to buy its shares	It is free to invite the public to buy its shares
Commencement of business	It can commence the business immediately after the incorporation	It can commence the business after receiving the certificate of commencement of business.
Issue of prospectus	It does not need to issue prospectus	It must issue prospectus
Statutory meeting	It does not need to hold statutory meeting and file statutory report.	It must hold statutory meeting and file statutory report
Transfer of shares	The transferability of share is not allowed and hence its ownership cannot be transferred	The transferability of share is allowed and hence its ownership can be transferred
Use of word	It must use the word Pvt. Ltd. at the end of its name.	It must use the word Ltd. at the end of its name

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