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DIFFERENCE BETWEEN PUBLIC AND PRIVATE COMPANY UNDER COMPANIES ACT 2013 PRIVATE COMPANY: Section 2(68) of the Companies (Amendment) Act, 2015 defines a Private Company as a company which has a minimum paid up capital as may be prescribed, and by its articles: (i) restricts the rights of its members to transfer of share, (if it…
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Special privileges of private company under company law PRIVATE COMPANY: A private company is a firm held under private ownership. Private companies may issue stock and have shareholders, but their shares do not trade on public exchanges and are not issued through an initial public offering (IPO). Section 2(68) of the Companies (Amendment) Act, 2015…
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KINDS OF COMPANIES IN COMPANY LAW : Statutory companies, chartered companies, registered company, foreign companies, investment companies, one person company, public company, private company etc. QUESTION: Define a private company and state the special privileges which it enjoys under the Companies Act, 2013? ANSWER: PRIVATE COMPANY A private company is a firm held under private…
