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The differences for Private Limited Company and Public Limited Company are explained as under: · Definitions: Private Limited Company: As per the Companies Act 2013 "Private Company is a company which has a minimum paid-up capital of Rs 1 lakh Rupees and which is restricted to have the right to transfer the share. Public Limited Company:As per the Companies Act 2013" A public Company is a company which is not a private company and has a minimum paid up capital of Rs 5 lakh Rupees and have a right to transfer of shares of a company. · Number of members: There should be minimum 2 members to start a Private Limited Company and maximum ceiling of 200 members. In case of Public Limited Company minimum 7 members should be there and no ceiling on maximum number of members. · Number of Directors: There should be minimum 2 Directors in case of Private limited Company and minimum 3 directors in case of Public Limited Company. · Statutory meeting: A Private company has to hold a statutory meeting within 30 days of Company Incorporation and Public Company has to hold statutory meeting as well file the statutory report with ROC. · Transferability of shares: Articles of Association of restrict the transferability of share in case of Private Limited Company and In case of public limited company there are no such restrictions. · Share Subscription: A private company has no right to invite public for subscription. As opposed, a public company can invite the general public for subscribing shares of the company. · Managerial Remuneration: 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 Rs 50,000 can be paid. These restrictions do not apply to a private company. Conclusion: It is clear from the above points that both the business structure has its own merits and demerits. Private Limited Company is basically suited for the start-ups with limited capital inv

A public limited company is a company which is authorized to sell its shares to the public in order to raise funds for commercial use. All public limited companies name ends with "PLC". It is not mandatory for a public limited company to sell its shares to the public as their shares are generally listed on either London stock exchange or alternative investment market. Public limited company is considered more prestigious than a private limited company as it is rarely formed and strictly regulated.Register your Public limited company with Finacbooks and improve your business profile.

All organisations of a particular industry may not necessarily be registered as a Company under Indian Companies Act, 2013. The private hospitals may be registered as Private or Public Companies or as Section 8 Company but not necessarily all. The test whether an entity is registered under Companies Act is its registered name and CIN (Corporate Identification Number). A Private Company must contain "Private Limited Company" at the end of its name and similarly a Public Company's name shall contain "Limited Company" or "Public Limited Company" at its end. The ambiguity may arise here if the entity, say hospital, is registered as Section 8 Company for charitable purpose. These companies are exempted to put "Private Limited" or "Limited" at the end of name. Thus, you may check if any company with same name is registered with Ministry of Corporate Affairs (MCA), the regulatory body. You may check the company details and CIN at following link: http://www.mca.gov.in/mcafoporta... Feel free to drop your query in comment box or drop an e-mail at support@legalwiz.in. Visit us at https://www.legalwiz.in

A Private Limited Company is held and owned by a limited group of people, being not more that 200 in numbers. Whereas the Public Limited Company can be registered with any number of member, not less than 7. The word "Limited" is used as suffix in Public Limited Company whether Listed or Unlisted whereas the word "Private Limited" is used for Private Limited Company.

There is no condition to start the business immediately after incorporation of Company; hence you can incorporate the company for future course of business as Private Limited Company or Public Limited Company. Further for this kind of situation there is a concept under section 455 of the Companies Act, 2013 called "Dormant Company". A dormant company is a company that has been registered under the Companies Act but is not carrying out any "significant accounting transaction." As per Companies Act 2013, a company that has been formed and registered under the Act, a) For a future project or to hold an asset or intellectual property and, b) Has no significant accounting transaction, is permitted to make an application to the Registrar to obtain the status of a dormant company. For being well compliant after incorporation Annual return of the Dormant Company in Form MSC-3 shall be filed within 30 days of the end of the financial year. Further the dormant companies can enjoy status as Dormant companies for maximum consecutive 5 years. You may visit us at http://www.legalwiz.in/private-l... for product details and get in touch with CA/CS for free consultation on 1800 313 4151 or through mail at support@legalwiz.in

Acquisition of a company is dealt by Companies Act, 2013, where aspects of assets and shares valuation and more are dealt with. Dealing with the question here, the answer is yes, the company can be acquired by an individual. However, if it is the case where only one person will acquire the company, it will be mandatory to convert the company into One Person Company. Therefore, a process of conversion must be looked into. For the purpose conversion into OPC, the company shall not exceed the turnover limit of INR Fifty Lakh or the paid-up capital shall not be more than INR Two Crore. In other case, the company can be acquired by more than one person in form of Private or Public company. The process and disclosures prescribed under the Act must be followed. For acquisition of listed company, The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, known as Takeover Code must also be referred for disclosure and procedural requirements.

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A three-wheeled wheelchair was built in 1655 or 1680 by a disabled German man, Stephan Farffler, who wanted to be able to maintain his mobility. Since he was a watch-maker, he was able to create a vehicle that was powered by hand cranks. In 1789, two French inventors developed a three wheeled vehicle, powered by pedals; They called it the tricycle. 19th century tricycle used in Iran In 1818, British inventor Denis Johnson patented his approach to designing tricycles.[clarification needed] In 1876, James Starley developed the Coventry Lever Tricycle, which used two small wheels on the right side and a large drive wheel on the left side; power was supplied by hand levers. In 1877, Starley developed a new vehicle he called the Coventry Rotary, which was "one of the first rotary chain drive tricycles." Starley's inventions started a tricycling craze in Britain; by 1879, there were " twenty types of tricycles and multi-wheel cycles ... produced in Coventry, England, and by 1884, there were over 120 different models produced by 20 manufacturers." The first front steering tricycle was manufactured by The Leicester Safety Tricycle Company of Leicester, England in 1881 which was brought to the market in 1882 costing £18. They also developed a folding tricycle at the same time.Buy online Tricycle for handicapped and disabled at lowest price and cheap cost in india from wheelchair india online shopping store of Tricycle manufacturer, distributor, dealer and supplier of variety of Tricycles at low price in india for handicapped and disability product like Disabled Tricycle Deluxe Double Hand Drive, Tricycle Deluxe Single Hand Drive, Tricycle Standard Double Hand Drive, Tricycle Regular Single Hand Drive, Standard Single Hand Drive Tricycle, along with that we offer huge discount. Tricycles were used by riders who did not feel comfortable on the high wheelers, such as women who wore long, flowing dresses. In the UK, upright tricycles are sometimes referred to as "ba