Differentiate between private limited companies and public limited companies.

      

Differentiate between private limited companies and public limited companies.

  

Answers


John
1. Private limited companies are formed by people between two and fifty while public limited companies are formed by people between seven to into infinity in numbers.
2. Private limited companies have a restriction for the transfer of shares while public limited companies have free transfer of shares.
3. Private limited companies are not allowed to advertise their shares to public while public limited companies can advertise their shares to public.
4. Private limited companies can start trading after getting the certificate of incorporation while public limited companies start after being issued with certificate of trading.
Jonmhumble answered the question on October 26, 2017 at 16:38


Next: Outline the characteristics of production.
Previous: State and explain types of preference shares.

View More Accounting Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions