Comparison of the benefits of having a PVT. Ltd Company instead of Public Limited Company
Benefits:
1) The company remains with in the family or partners
2) If the company's Paid up(PU) capital is less than 3 million, any body can be an auditor
3) If the PU capital is less than 7.5 million, u don't have to submit the accounts with the SECP
4) You don't have to give public notice to the members regarding AGM e.t.c.
5) Any member just can't sell out his/her share easily in open market, has to offer it to existing members first
6) Non compulsion of Company Secretary except Single Member Company
Losses:
1) Can't invite capital from open market
2) Members Can't exceed 50
These are some which I wanted to share.. but I am sure there are more!
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