Benefits Of Pvt Ltd Company

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!