This article will help you to make comparison between private limited and public limited companies. Comparison # Private Limited Company: 1. Membership: Membership is confined to the close friends and relatives of the promoters. Cannot invite public to share capital. 2. Limits to Membership: Minimum members-2 Maximum members – 50 3. Election of Directors: No need for holding statutory meeting. [...]
According to different methods of distribution of authorities and responsibilities, the organisation are of following types: 1. Line or Scalar Organisation 2. Functional Organisation 3. Line and Staff Organisation 4. Line, Staff and Functional Organisation 5. Committee Organisation. Type # 1. Line or Scalar Organisation: This type of organisation is also known as departmental or military type of organisation. In [...]
A joint stock company and partnership form of organisations can be compared as under: Comparison # Joint Stock Company: 1. It has a separate legal entity, having its existence separate from its shareholders. 2. It may consist of any number of members. 3. Shares can be transferred to others without the consent of anybody. 4. It invests according to memorandum [...]