What are the differences between Private Limited Company & Public Limited Company?

Private Limited Company

Ø  Number of members between 2 –50.

Ø  Number of directors/shareholderes at least 2

Ø  Can commence business immediately

Ø  Has restriction on transfer of share

Ø  Private Limited Company must add the words “Pvt Ltd.”

Public Limited Company

Ø  Number of members between 7 –Any number.

Ø  Number of directors at least 3(three).

Ø  Certificate of Commencement is must to commence business immediately

Ø  Has no restriction on transfer of share

Ø  Public Offering