Private and Public limited company

Question

24 Jan 2022

Answer :

Word Count : 452

ble id="tablepress-36"> BASIS FOR COMPARISON PRIVATE LIMITED COMPANY PUBLIC LIMITED COMPANY Meaning Private Limited Company refers to the company which is not listed on a stock exchange and the shares are held privately by the members concerned. Public Limited Company implies a company that is listed on a recognized stock exchange and whose shares are traded openly by the public. Minimum number of members 2 7 Maximum number of members 200, except in case of one person company Unlimited Minimum number of directors 2 3 Articles of Association It must frame its own articles of association. It can frame its own articles of association or adopt Table F. Transfer of Shares The shares __________ _____ _______ _________ ________ _______ __________ ________ ________ ______ _____ _________.
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