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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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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…
Before understanding the Difference between Public and Private Company, we should understand the both concepts. PUBLIC COMPANY Public Company is the company which can be incorporated with zero paid up capital as per the Companies Act (Amendment), 2015.This is the company which can start its business with minimum 7 members. Public company has to get…
