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why companies put ltd and pvt ltd,what is the difference?
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Answer Posted / h.r. sreepada bhagi
The question is about difference between Pvt. Ltd. & Public
Ltd. Companies Act, 1956 in India has specified various
conditions for the two types of companies as mentioned by
Dr. R.B. Sharma.
A Public Company refers to a company owned by the government
(State or Central with 100% or majority shareholding.
A private company refers to a company with no or minor
shareholding by any government.
These are also referred as Public Sector and Private Sector.
Eg. Hindustan Petroleum Ltd., is a Public sector company
(Also a Public Ltd. company) where as Infosys is a private
sector company (Also a Public Ltd. company)
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