A private company has restrictions on the number of shareholders between 2-50, requires a minimum paid up capital of Rs. 100,000, and restricts the transfer of shares. A public company requires a minimum of 7 shareholders, a paid up capital of Rs. 5 lakh, and has no restriction on the number or transfer of shares. Private companies also have fewer regulatory requirements compared to public companies regarding director appointments, meetings, and remuneration.
MEANING AND DEFINITION OF COMPANY, IT'S CHARACTERISTICS AND TYPES OF COMPANYKhushiGoyal20
This slide share is of subject company law . In this you will learn about meaning and definition of company , types / kinds of company (private , public , holding , subsidiary , limited liability and unlimited liability company etc.) , and its characteristics.
MEANING AND DEFINITION OF COMPANY, IT'S CHARACTERISTICS AND TYPES OF COMPANYKhushiGoyal20
This slide share is of subject company law . In this you will learn about meaning and definition of company , types / kinds of company (private , public , holding , subsidiary , limited liability and unlimited liability company etc.) , and its characteristics.
As per Companies Act, 1956 :
Holding Company: A holding company is a parent company that owns enough voting stock(more than 50%) in a subsidiary to make management decisions , influence and contorl the company's board of directors
Company Definition, Meaning, Features, Types and StructureThejas Perayil
Company Definition, Meaning, Features of Companies, Companies Act 1956, Types of Companies, Structure of Companies, Hierarchical Structure of a company
Companies Act - Companies Act, 1956 - Features - Types of Companies Act under the Act - Introduction of Companies act 2013 - Structural Comparison - Objectives of the Act - Meaning and Features of the Company - Monitoring and Regulatory Authorities - SFIO - NCLT - Challenges of Companies act 2013 - Provisions of Company Act 2013 -
Difference between a public and a private company under Companies Act, 2013CA Sachin D Jain
Difference between a Public Limited Company and a Private Limited Company as per the provisions contained in the Companies Act, 2013 and relevant rules and regulations prescribed thereunder.
An informative article outlining the key differences between a Private Limited Company and a Limited Liability Partnership, alongside the respective advantages and disadvantages of each.
As per Companies Act, 1956 :
Holding Company: A holding company is a parent company that owns enough voting stock(more than 50%) in a subsidiary to make management decisions , influence and contorl the company's board of directors
Company Definition, Meaning, Features, Types and StructureThejas Perayil
Company Definition, Meaning, Features of Companies, Companies Act 1956, Types of Companies, Structure of Companies, Hierarchical Structure of a company
Companies Act - Companies Act, 1956 - Features - Types of Companies Act under the Act - Introduction of Companies act 2013 - Structural Comparison - Objectives of the Act - Meaning and Features of the Company - Monitoring and Regulatory Authorities - SFIO - NCLT - Challenges of Companies act 2013 - Provisions of Company Act 2013 -
Difference between a public and a private company under Companies Act, 2013CA Sachin D Jain
Difference between a Public Limited Company and a Private Limited Company as per the provisions contained in the Companies Act, 2013 and relevant rules and regulations prescribed thereunder.
An informative article outlining the key differences between a Private Limited Company and a Limited Liability Partnership, alongside the respective advantages and disadvantages of each.
‘Secretarial Audit’ is introduced by recently enacted Companies Act, 2013. It is a process to check compliances made by the Company under Corporate Law & other laws, rules, regulations, procedures etc.
Incorporation of One Person Company under Companies Act 2013Megha Aggarwal
No need to have a co-founder. Even one man show can incorporate a Company and enjoy the benefits of limited liability and separate legal entity.
All sole proprietors should go for OPC
Project For Business Studies Class 11
Sub. Teacher- Preksha Mehta
Specially For- Students who want a Diffrentiation between public and private comapny, stages for formation of a company, privilage of a private comapny over public company.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
3. A private company is the one which has a minimum paid up share capital of Rs. 100000
or such higher capital as prescribed by the Companies Act. Its Article of association
mentions that the company restricts the right to transfer its shares; limits the number of
its members from 2 to 50.
public company means a company which is not a private company and has minimum of
7 shareholders/subscribers. It has to have a minimum paid-up share capital of Rs. 5 Lakh.
The minimum number of persons required to form a ‘ public company is seven whereas in
a private company it is only two.
There is no maximum limit on the members of a public company but a private company
cannot have more than 50 members excluding employees and ex-employees of the
company.
4. A public company can commence its business only after getting
the certificate of commencement of business. But a private
company can commence its business as soon as it is incorporated.
There is no restriction on the transfer of shares in the case of
a public company whereas the articles of a private company
must restrict its right to transfer its shares.
Total managerial remuneration in the case of a public company cannot
exceed 11% of the net profits but in the case of inadequacy of profits a
minimum of? 50,000 can be paid. These restrictions do not apply to a
private company.
5. A public company must hold a statutory meeting and file with the
Registrar a statutory report. But a private company has no such
obligations.
If the articles of a company do not otherwise provide five members
personally present in the case of a public company are quorum for a
meeting of the company. It is two in the case of a private company.
A public company can issue share warrants but such
a right is denied to a private company.
6. A public company must have at least three directors whereas a
private company must have at least two directors.
The name of a public company must end with the word, “limited” But
in the case of a private company the word private limited must be
used at the end of the name.
A director of a public company shall file with the Registrar consent to act
as a director or sign the memorandum of association or enter into a
contract for their qualification shares. The directors of a private
company need not do so.