What is the diff. between a Pvt Ltd. & a Ltd. Company?

Answer 1

In private ltd. company, the shares are distributed among the private network only. It can't be sold in public. Whereas in public ltd company, you can sell shares in stock exchange to the public.

Answer 2

You can have two types of limited enterprises
1. A pulic limited compant (PLC), which is traded on the stock market and is available to the public to buy shares

2. A private limited company(Ltd),which you can buy shares in but only from exsisting shareholders and in a specific contractual position.

Answer 3

Companies are incorporated in India under the Department of Company Affairs - http://www.mca.gov.in/

While registering the parameters and purpose for registering companies are also different. You can consultant a practising chartered accountant or company secretary who will guide you through the process of registering a company.

Briefly the following is the procedure :

An application for registration should be submitted to the registrar of companies with the following documents:

1. Preparation and filing of draft Memorandum of Association;

2. Preparation and filing of draft Articles of Association;

3. a declaration signed by a person named in the articles of the proposed company as a director, manager, or secretary of the company, or by an advocate of the Supreme Court or High Court, or by an attorney entitled to appear before the High Court, or by a chartered accountant practicing in India stating that all the requirements of the Companies Act 1956 and the applicable rules with respect to the registration and other matters have been complied with;

4. a list of persons who have consented to act as directors of the company.

5. if the proposed company is a public company, consent of very person prepared to act as a director must be submitted in a prescribed form;

6. information about directors, managing directors and managers and secretary must be submitted in a prescribed form;

7. information about the registered office in a prescribed form;

8. power of attorney in favor of one of the promoters or any other person, authorizing him/her to make corrections in the documents submitted to the registrar of the companies, if it becomes necessary; and

9. applicable registration fee payable to the registrar of the companies.

Answer 4

ALL COMPANIES ARE LIMITED BUT A DIFFERENCE BETWEEN THEM.THAT IS , WHEN A PERSON OR PARTNERS STARTS A COMPANY PRIVATELY THAT IS CALLED "PRIVATE LIMITED" &AS WELL AS THOSE COMPANIES ARE STARTED BY THE PERMISSION OF GOVT. THAT IS CALLED " LIMITED".