Difference B/W Private Limited Company And Public Limited Company

Private limited company

  • Minimum No: are 7 and maximum have no restriction
  • The company can not start business after registration unless and until it get registration certificate from Registrar office.
  • This company has to publish their prospectus for public or share holders and debentures holder.
  • The share holders can transfer their share easily.
  • This company has to submit prospectus to registrar office.
  • For administrative purpose this company must have 7 directors.
  • This company has to submit their accounts in registrar office.
  • For starting business this company should called a meeting after 3 and 6 months in which a report is presented to shareholders.
  • The directors of this company should have to submit their detail of responsibility to the Registrar.
  • The presennce of at least 7 promoters are necessary to start the business.

Public limited company

  • Minimum no: are 2 and maximum are 50
  • This company can start business after getting registered.
  • This company is not title to publish any prospectus and can not sell its share for common people.
  • The members can not transfer their shares.
  • This company has not to submit any prospectus to registrar office.
  • For administrative purpose this company must have 2 directors.
  • This company has no any restriction of this kind.
  • No need of calling any meeting before commencement of business
  • No need of submitting details of responsibility to registrar.
  • The presence of at least 7 promoters are necessary to start the business