{"id":9468,"date":"2018-05-26T11:52:35","date_gmt":"2018-05-26T06:22:35","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?p=9468"},"modified":"2019-05-28T12:46:34","modified_gmt":"2019-05-28T07:16:34","slug":"difference-between-private-and-public-limited-company","status":"publish","type":"post","link":"https:\/\/enterslice.com\/learning\/difference-between-private-and-public-limited-company\/","title":{"rendered":"Difference Between Private and Public Limited Company"},"content":{"rendered":"

General Difference Between Private and Public Limited Company as Per Companies Amendment<\/a> Act 2017<\/h2>\n

In this article, we will discuss about the difference between Private and Public Limited Company. A public limited company which accepts deposit from the Public whereas private limited cannot do so.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
General Difference Between Private and Public Limited Company as Per Companies Amendment Act 2017<\/th>\n<\/tr>\n
S.No<\/th>\nSECTION AND ITS PROVISION<\/th>\nPUBLIC LIMITED COMPANY<\/th>\nPRIVATE LIMITED COMPANY<\/th>\n<\/tr>\n
1<\/th>\nSection 117 for the filing of resolutions passed by Board in BM under section 179(3) read with Rule 8<\/td>\nRequired to be filed<\/td>\nNot required to be filed. Private Limited company<\/a> are exempted from filing under  this section i.e., the exemption granted through a notification dated 5th<\/sup> June 2015<\/td>\n<\/tr>\n
2<\/th>\nSection 180 related to the sale, lease or dispose of the whole or substantially the whole of the undertaking of the company Related to borrowing<\/td>\nShareholders’ approval by way of Special resolution in general meeting<\/a> is required<\/td>\nShareholders<\/a>’ approval by way of SR not  required, only Board resolution is enough<\/td>\n<\/tr>\n
3<\/th>\nSection 160 Related to deposit of security deposit at the time of proposing the candidature of a person as a Director<\/td>\nRequired to be deposited<\/td>\nNot required<\/td>\n<\/tr>\n
4<\/th>\nSection 162 Related to unanimous shareholders approval  at a meeting for considering the appointment of two or more  directors by a single resolution<\/td>\nRequired<\/td>\nNot required<\/td>\n<\/tr>\n
5<\/th>\nSection 184 Related to ‘interested director’  participation in the concerned matter in a proposed Board meeting in which he\/she is interested<\/td>\nCannot participate<\/td>\nCan participate after giving disclosure of such interest in form MBP-1<\/td>\n<\/tr>\n
6<\/th>\nSection 185 Related to loans to Directors<\/td>\nCannot give loans to Directors and firm in which director or relative is a partner<\/td>\nCannot give loans to Directors and firm in which director or relative is a partner<\/td>\n<\/tr>\n
7<\/th>\nSection 196(4) and (5) Related to the appointment of MD, WTD, Manager<\/strong> subject to the approval of shareholders  by resolution at next GM and by CG if the appointment is in terms of schedule V Also filing of form MR-1 within 60 days of Appointment<\/td>\nApplicable Applicable<\/td>\napproval of shareholders not required i.e., the exemption granted through a notification dated 5th<\/sup> June 2015 Not applicable<\/td>\n<\/tr>\n
8<\/th>\nSection 73 Acceptance of deposits from members and their relatives<\/td>\nCannot accept<\/td>\nCan accept from directors and their relatives<\/td>\n<\/tr>\n
9<\/th>\nSection 152(6) Related to the retirement of Directors by rotation<\/td>\nApplicable<\/td>\nNot applicable<\/td>\n<\/tr>\n
10<\/th>\nSection 161(4) Related to a casual vacancy inboard  to be filled by director<\/td>\nApplicable<\/td>\nNot applicable<\/td>\n<\/tr>\n
11<\/th>\nSection 177 Audit Committee<\/td>\nPaid Up Capital of 10 Cr.<\/strong> Or turnover<\/strong> of 100 Cr.<\/strong> Required to constitute a audit committee not Applicable<\/th>\n<\/tr>\n
12<\/th>\nSection 178 Nomination & Remuneration Committee<\/td>\nPaid Up Capital of 10Cr. Or turnover of 100<\/strong> Cr. OR Outstanding Loans & Borrowings exceeds 50 Cr.<\/strong> Required to constitute a Nomination & Remuneration CommitteeNot Applicable<\/th>\n<\/tr>\n
13<\/th>\nSection 177 Vigil Mechanism<\/td>\nCompany which accept deposit from the Public; Borrowed money from Banks and Public Financial Institution in excess of 50 Cr.<\/strong><\/strong><\/td>\nNot Applicable<\/td>\n<\/tr>\n
14<\/td>\nSection 149,152 Applicability of appointment of Independent, a Woman director<\/td>\nApplicable but subject to certain prescribed limits<\/td>\nNot applicable<\/td>\n<\/tr>\n
15<\/td>\nCertification by PCS through Form MGT-8<\/td>\nEvery Company having Paid up<\/strong> share capital of Rs. 10 Cr.<\/strong> Or more or having Turnove<\/strong>r of Rs. 50 Crore<\/strong> or more<\/th>\nEvery Company having Paid up share capital of Rs. 10 Cr. Or more or having Turnover of Rs. 50 Crore or more<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

General Difference Between Private and Public Limited Company as Per Companies Amendment Act 2017 In this article, we will discuss about the difference between Private and Public Limited Company. A public limited company which accepts deposit from the Public whereas private limited cannot do so. General Difference Between Private and Public Limited Company as Per […]<\/p>\n","protected":false},"author":4,"featured_media":9474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1322],"tags":[1989,1988],"acf":{"service_id":"1"},"yoast_head":"\nGeneral Difference Between Private and Public Limited Company<\/title>\n<meta name=\"description\" content=\"In this article, we will discuss about Difference Between Private and Public Limited Company. A public limited company which accepts deposit from the Public whereas private limited cannot do so.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterslice.com\/learning\/difference-between-private-and-public-limited-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"General Difference Between Private and Public Limited Company\" \/>\n<meta property=\"og:description\" content=\"In this article, we will discuss about Difference Between Private and Public Limited Company. A public limited company which accepts deposit from the Public whereas private limited cannot do so.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterslice.com\/learning\/difference-between-private-and-public-limited-company\/\" \/>\n<meta property=\"og:site_name\" content=\"Enterslice\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/enterslice\" \/>\n<meta property=\"article:author\" content=\"enterslice\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-26T06:22:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-05-28T07:16:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2018\/05\/Public-and-Private-Limited-Company.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"853\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@enterslice\" \/>\n<meta name=\"twitter:site\" content=\"@enterslice\" \/>\n<!-- \/ Yoast SEO plugin. -->","authorName":"Narendra Kumar","authorImageUrl":"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2019\/04\/nk-1.jpg","authorDescription":"Experienced Finance and Legal Professional with 12+ Years of Experience in Legal, Finance, Fintech, Blockchain, and Revenue Management.","postViews":523,"readingTime":2,"nextPost":{"id":9480,"slug":"insurance-self-network-platform"},"prevPost":{"id":9457,"slug":"claiming-damages-work-contract"},"featuredMediaUrl":"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2018\/05\/Public-and-Private-Limited-Company.jpeg","postTerms":"Company Registration","_links":{"self":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/9468"}],"collection":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/comments?post=9468"}],"version-history":[{"count":0,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/9468\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media\/9474"}],"wp:attachment":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media?parent=9468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/categories?post=9468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/tags?post=9468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}