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A Private Limited Company and a Public Limited Company are two important forms of business organization incorporated under the Companies Act. Both have a separate legal identity from their members and provide limited liability to shareholders, but they differ significantly in ownership, membership, transfer of shares, raising of capital, and legal requirements. A Private Limited Company is a company whose shares are held privately by a relatively small group of persons. It restricts the right to transfer its shares and does not invite the general public to subscribe to its securities. A private company generally has a minimum of two members and can be formed with a small number of shareholders, subject to the applicable legal provisions. Its _____ ___ _______ ___ ____ _________ ___ _____ ______ _____ _________ ________.
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