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accounting (35)

Friday, 21 April 2017 12:20

Management Consulting

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Friday, 21 April 2017 12:16

Strategy Consulting

Strategy Consulting

Financial & management restructuring of overseas corporate and joint venture collaborations

Turnaround Strategies

Turnaround strategy is a corporate practice designed and planned to protect (save) a loss-making company and transform it into a profit-making one. The concept or meaning of turnaround strategy covers following points:

  • Turnaround strategy means to convert, change or transform a loss-making company into a profit-making company.
  • It helps the sick company to stand once again in the market.
  • It tries to remove all weaknesses to help a sick company once again become strong, stable and a profit-making institution.
  • It aids to reduce the brought forward losses of the loss-making company.
  • It helps the sick company to stand once again in the market.
  • It is a complete U-turn of a planned strategic economic transition.
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Friday, 21 April 2017 12:14

Risk Assurance

Risk Assurance

Risk Assurance covers all risk services where we are providing independent assurance and the preparation towards assurance to our clients where the assurance can be used by our clients to build confidence and trust with their key stakeholders or when regulatory.

We help by

  • Creating trust and confidence in their financial reporting and internal control over financial reporting.
  • Business improvement, by assessing risks and controls related to business imperatives, such as launching new products/services & implementing new technologies.
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Friday, 21 April 2017 11:33

Outsource Accounting India | achandak.in

Outsource Accounting India | achandak.in

Accounting Compliance and Reporting services is focused on helping large, multinational companies meet their financial reporting requirements. In the modern jet age there is fierce competition in the trade and industry. Entrepreneurs are vying with one another in competitive edge to stay ahead of others. This being the business scenario it is most imperative for the CEO's and other staff to keep them fully updated with the statistics of the working of a business house and its current affairs required for planning and formulations of policies of the Company.This can only be possible if the accounts are maintained in an elaborate manner and kept up to date minute to minute. We at A. Chandak & Co. keep the most competent and efficient staff to meet with this important requirement of our clients and readily furnish every data and information as and when required.

Statutory Reporting Services (Statutory Financial Statements)

Accounting Support Services

  • Book Keeping.
  • Payroll Management
  • Reconciliations.
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Friday, 21 April 2017 10:55

Forensics

Proprietorship Concern

Proprietorship concern is a business structure in which an individual and his/her company are considered a single entity for tax and liability purposes. A proprietorship is a company which is not registered with the state as a limited liability company or corporation. The owner does not pay income tax separately for the company, but reports business income or losses on his/her individual income tax return. The owner is inseparable from the proprietorship, so he/she is liable for any business debts. This form of entity is not permitted for foreign company or overseas citizens.

One Person Company (OPC)

An One Person Company (OPC) is a hybrid structure, wherein it combines most of the benefits of a sole proprietorship and a company form of business. It has only one person as a member who will act in the capacity of a director as well as a shareholder. Thus, it does away with the hassles of finding the right kind of co-partner/s for starting a business as registered entity. The best part is, legal and financial liability is limited to the Company and not the member. Hence, you do not need to share your piece of cake in the name of partnership. You have an idea...You own it!

Incorporate your OPC

  • The process of incorporating the OPC is almost similar to that of a private limited company with minor differences.
  • OPC will be formed as a ‘Private Limited Company’.
  • It will have only one person as member. Memorandum of Association of such a company will mandatorily prescribe the name of the person, who in the event of death or disability of the subscriber shall assume his position.
  • The member of the OPC will have the right to change the nominee at any time with due intimation to the Registrar.
  • OPC can be formed as company limited by share capital or limited by guarantee or unlimited company.
  • The words ‘One Person Company’ will have to be mentioned in brackets below the name of such company, wherever its name is printed, engraved or affixed.
  • One person can form only one OPCs.

Relaxations available to OPCs in comparison to general private limited companies

  • Provisions of Annual General Meeting (AGM) and Extra-Ordinary General Meetings do not apply to an OPC.
  • An OPC should have a minimum of one director and a maximum of fifteen 15 directors.
  • In case the Board consists of only one director, then the OPC is exempted from the requirement of conducting a Board Meeting as well.
  • It will be deemed to have complied with the provisions relating to Board meetings, if at least one meeting is conducted in each half of the calendar year.
  • However, the gap between the two meetings should not be less than ninety 90 days.
  • There is no requirement of appointing a first director for the company. The sole member is deemed to be the first director.
  • The OPC is also exempt from provisions relating to notices of the meetings, statement to be annexed to notice, Quorum for Meetings, Appointment of Chairman of Meeting, Proxies, Restriction on Voting Rights, Voting by show of hands, Voting by Electronic Means, Demand for Poll, Postal Ballot and Circulation of Member’s Resolution.

How is OPC different from sole-proprietorship?

  • First and foremost, simply because OPC has a separate legal entity from its owners. In case of sole proprietorship, there is no distinction between the two entities. This means that the liability of the owner is separate from the entity. Or in other words, the threat of lien on personal property in case of unmet liabilities is non-existent.
  • Personal financial trustworthiness and credit ratings of the owner does not affect the ratings of the OPC, at least not directly.
  • Owing to the feature of it having a separate legal entity from its owners, the OPC is taxed separately, unlike a sole proprietorship.
  • Undoubtedly, the compliances in an OPC are a bit more tedious as compared to sole proprietorship.

Is there any threshold limits for an OPC to mandatorily get converted into either private or public company?


In case the paid up share capital of an OPC exceeds fifty lakh rupees or its average annual turnover exceeds during the relevant period exceeds two crore rupees, then the OPC has to mandatorily convert into private or public company.

Partnership Concern

Partnership is defined as a relation between two or more persons who have agreed to share the profits of a business carried on by all of them or any of them acting for all. The owners of a partnership business are individually known as the "partners" and collectively as a "firm". A partnership is easy to form as no cumbersome legal formalities are involved. Its registration is also not essential. However, if the firm is not registered, it will be deprived of certain legal benefits. The Registrar of Firms is responsible for registering partnership firms.

A partnership is formed by an agreement, which may be either written or oral. When the written agreement is duly stamped and registered, it is known as "Partnership Deed". Ordinarily, the rights, duties and liabilities of partners are laid down in the deed. But in the case where the deed does not specify the rights and obligations, the provisions of the THE INDIAN PARTNERSHIP ACT, 1932 will apply. The deed, generally contains the following particulars:-

  • Name of the firm.
  • Nature of the business to be carried out.
  • Names of the partners.
  • The town and the place where business will be carried on.
  • The amount of capital to be contributed by each partner.
  • Loans and advances by partners and the interest payable on them.
  • The amount of drawings by each partner and the rate of interest allowed thereon.
  • Duties and powers of each partner.
  • Any other terms and conditions to run the business.

Advantages

  • Ease of formation
  • Greater capital and credit resources
  • Better judgement and more managerial abilities

Disadvantages

  • Absence of ultimate authority
  • Liability for the actions of other partners
  • Limited life
  • Unlimited liability

Partnership is an appropriate form of ownership for medium sized business involving limited capital. This may include small scale industries, wholesale and retail trade; small service concerns like transport agencies, real estate brokers; professional firms like charted accountants, doctors' clinic, attorney or law firms etc.

Limited Liability Partnership

A corporate business vehicle that enables professional expertise and entrepreneurial initiative to combine and operate in flexible, innovative and efficient manner, providing benefits of limited liability while allowing its members the flexibility for organizing their internal structure as a partnership.
Owing to flexibility in its structure and operation, it would be useful for small and medium enterprises, in general, and for the enterprises in services sector, in particular. Internationally, LLPs are the preferred vehicle of business, particularly for service industry or for activities involving professionals.


LLP is governed by the provisions of the Limited Liability Partnership Act 2008, the salient features of which are as follows: -

  • The LLP shall be a body corporate and a legal entity separate from its partners. Any two or more persons, associated for carrying on a lawful business with a view to profit, may by subscribing their names to an incorporation document and filing the same with the Registrar, form a Limited Liability Partnership. The LLP will have perpetual succession.
  • The mutual rights and duties of partners of an LLP inter se and those of the LLP and its partners shall be governed by an agreement between partners or between the LLP and the partners subject to the provisions of the LLP Act 2008 . The act provides flexibility to devise the agreement as per their choice.
  • The LLP will be a separate legal entity, liable to the full extent of its assets, with the liability of the partners being limited to their agreed contribution in the LLP which may be of tangible or intangible nature or both tangible and intangible in nature. No partner would be liable on account of the independent or un-authorized actions of other partners or their misconduct. The liabilities of the LLP and partners who are found to have acted with intent to defraud creditors or for any fraudulent purpose shall be unlimited for all or any of the debts or other liabilities of the LLP.
  • Every LLP shall have at least two partners and shall also have at least two individuals as Designated Partners, of whom at least one shall be resident in India. The duties and obligations of Designated Partners shall be as provided in the law.
  • The LLP shall be under an obligation to maintain annual accounts reflecting true and fair view of its state of affairs. A statement of accounts and solvency shall be filed by every LLP with the Registrar every year.
  • The Indian Partnership Act, 1932 shall not be applicable to Limited Liability Partnerships.
Private Limited Company

A private limited company is a voluntary association of not less than two and not more than two hundred members, whose liability is limited, the transfer of whose shares is limited to its members and who is not allowed to invite the general public to subscribe to its shares or debentures. Its main features are :-

  • It has an independent legal existence. Companies Act, 2013 contains the provisions regarding the legal formalities for setting up of a private limited company.
  • The liability of its members is limited.
  • The shares allotted to it's members are also not freely transferable between them. These companies are not allowed to invite public to subscribe to its shares and debentures.
  • It enjoys continuity of existence i.e. it continues to exist even if all its members die or desert it.
  • Hence, a private company is preferred by those who wish to take the advantage of limited liability but at the same time desire to keep control over the business within a limited circle and maintain the privacy of their business.

Advantages

  • Continuity of existence
  • Limited liability
  • Less legal restrictions

Disadvantages

  • Shares are not freely transferable
  • Not allowed to invite public to subscribe to its shares
  • Scope for promotional frauds
  • Undemocratic control
Limited Company

A public limited company is a voluntary association of members which is incorporated and, therefore has a separate legal existence and the liability of whose members is limited. Its main features are :-

  • The company has a separate legal existence apart from its members who compose it
  • Its formation, working and its winding up, in fact, all its activities are strictly governed by laws, rules and regulations. Companies Act, 2013 contains the provisions regarding the legal formalities for setting up of a public limited company.
  • A company must have a minimum of seven members but there is no limit as regards the maximum number.
  • The shares of a company are freely transferable and that too without the prior consent of other shareholders or without subsequent notice to the company.
  • The liability of a member of a company is limited to the face value of the shares he owns. Once he has paid the whole of the face value, he has no obligation to contribute anything to pay off the creditors of the company.
  • The shareholders of a company do not have the right to participate in the day-to-day management of the business of a company. This ensures separation of ownership from management. The power of decision making in a company is vested in the Board of Directors, and all policy decisions are taken at the Board level by the majority rule. This ensures a unity of direction in management.
  • As a company is an independent legal person, its existence is not affected by the death, retirement or insolvency of any of its shareholders.

Advantages

  • Continuity of existence
  • Larger amount of capital
  • Unity of direction
  • Efficient management
  • Limited liability

Disadvantages

  • Scope for promotional frauds
  • Undemocratic control
  • Scope for directors for personal profit
  • Subjected to strict regulations

The major difference between Private Limited Company & Limited :

  • In Private Limited Company the shareholders comprise of close group of friends and relatives.
  • A Private Limited company cannot make an offer for public to subscribe its shares. Whereas a Limited Company can give an advertisement and invite general public to subscribe for its shares.
  • Basically a Private Limited company is a corporate version of partnership firm where as a Public Limited company is a full-fledged corporate body.
  • For a Private Limited company minimum 2 shareholders are required whereas for Public Limited Company minimum 7 shareholders are required.
  • A shareholder of a Public Limited company can transfer his shares freely at the stock exchange where the shares are listed whereas in a Private Limited Company a shareholder cannot transfer his shares without the consent of other shareholders.
  • Also shares of the Private Limited company cannot be listed on stock exchanges and hence cannot be traded there like shares of a Public Limited company.

Transactions to acquire or sell businesses represent a balance of risk and reward for the parties. Whilst most deals are completed successfully, some inevitably lead to disputes between the parties.

We provide advice throughout the transaction process, from pre-deal due diligence to a review of the draft sale and purchase agreement and the resolution of disputes over the purchase price. In so doing we help you reduce risk and provide greater certainty that the post-completion outcome of a transaction is in line with your commercial expectations.

 

Our Services

  • Forensics, corruption, anti-bribery due diligence.
  • Breach of warranty claim advice.
  • Integrity Diligence.
  • Sales & Purchase agreement reviews.

 

 

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Thursday, 20 April 2017 19:07

Tax Advisory

Tax Advisory

We provide comprehensive and sophisticated tax assistance in effectively managing the impact of taxation.

Direct Tax Advisory

Holding many years of experience in a wide array of industries, our staff works to stay abreast of developments in our ever-changing state and federal tax laws. Our full line of tax services includes preparation of tax returns for individuals, corporations, partnerships and for other enterprises. We offer:

  • Business and individual tax planning, projections, and valuations.
  • NRI Taxations and foreign company's tax matters
  • E-Filing of Income Tax Returns.
  • E-filing of TDS Returns.
  • Consultancy on Income Tax Matters.
  • Consultancy on Tax Planning & Savings.
  • Consultancy on Double Taxation.
  • Consultancy on International Taxation.
  • Global compliance services.
  • Liaison with Income Tax Authorities.
  • Services related to withholding taxes / Tax Deducted at Source (TDS).
  • Representation before taxing authorities.
  • Support for business acquisition, reorganisations, mergers, and incorporations.
  • Handling Search & Survey Cases.
  • Determining the Arm Length Pricing, Preparation of Transfer Pricing Report & Conducting Transfer Pricing Audit.

 

Taxation presents arguably the most dynamic and complex challenge in the context of financial planning. Ever changing legislation and rules are matched only by the new methods devised to make the discharging of tax liabilities as efficient as possible. When it comes to tax planning and strategy, every case is unique. Our approach remains versatile with an awareness that individual issues must be dealt with on their own merits but with the overall, long-term considerations always in mind. Whether you are the tax director of a multi-national group, an owner manager, an individual setting up a company or in receipt of a income, an employee or a Public Benefit Organisation, we make sure you don’t pay more tax than is necessary and that your activities remain tax efficient.

 

Indirect Tax Advisory

  • Transformation to GST
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Thursday, 20 April 2017 18:44

Internal Audit

Internal Audit

Internal Audit is very important aspect, when we talk of assurance of true picture of state of affairs of an entity. It helps in understanding and assessing risks and evaluates the internal controls and checks. It helps in ensuring optimum utilization of the resources of the entity, as well as timely identification of liabilities including the ones in contingent nature.

 

Our Offerings

 1. Assessing/ preparing Internal Audit Manual for the organisation and study of control objectives.

 2. Deciding on degree of control which is adequate depending upon organisation to organisation.

 3. Assessment of risks and open points.

 4. Measuring deviation at test check levels.

 5. Assets at risk and their protection.

 6. Checking the controls instituted within the system.

 7. Legal and situational internal control advisory.

 8. Consideration of Fraud in internal audit.

 9. Advising organisational procedures being followed.

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Thursday, 20 April 2017 18:37

Our Alumni

 

Look out! Page will be launched soon. 

 

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Thursday, 20 April 2017 18:31

Contact Us

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Thursday, 20 April 2017 18:25

Financial Statements Audit

Proprietorship Concern

Proprietorship concern is a business structure in which an individual and his/her company are considered a single entity for tax and liability purposes. A proprietorship is a company which is not registered with the state as a limited liability company or corporation. The owner does not pay income tax separately for the company, but reports business income or losses on his/her individual income tax return. The owner is inseparable from the proprietorship, so he/she is liable for any business debts. This form of entity is not permitted for foreign company or overseas citizens.

One Person Company (OPC)

An One Person Company (OPC) is a hybrid structure, wherein it combines most of the benefits of a sole proprietorship and a company form of business. It has only one person as a member who will act in the capacity of a director as well as a shareholder. Thus, it does away with the hassles of finding the right kind of co-partner/s for starting a business as registered entity. The best part is, legal and financial liability is limited to the Company and not the member. Hence, you do not need to share your piece of cake in the name of partnership. You have an idea...You own it!

Incorporate your OPC

  • The process of incorporating the OPC is almost similar to that of a private limited company with minor differences.
  • OPC will be formed as a ‘Private Limited Company’.
  • It will have only one person as member. Memorandum of Association of such a company will mandatorily prescribe the name of the person, who in the event of death or disability of the subscriber shall assume his position.
  • The member of the OPC will have the right to change the nominee at any time with due intimation to the Registrar.
  • OPC can be formed as company limited by share capital or limited by guarantee or unlimited company.
  • The words ‘One Person Company’ will have to be mentioned in brackets below the name of such company, wherever its name is printed, engraved or affixed.
  • One person can form only one OPCs.

Relaxations available to OPCs in comparison to general private limited companies

  • Provisions of Annual General Meeting (AGM) and Extra-Ordinary General Meetings do not apply to an OPC.
  • An OPC should have a minimum of one director and a maximum of fifteen 15 directors.
  • In case the Board consists of only one director, then the OPC is exempted from the requirement of conducting a Board Meeting as well.
  • It will be deemed to have complied with the provisions relating to Board meetings, if at least one meeting is conducted in each half of the calendar year.
  • However, the gap between the two meetings should not be less than ninety 90 days.
  • There is no requirement of appointing a first director for the company. The sole member is deemed to be the first director.
  • The OPC is also exempt from provisions relating to notices of the meetings, statement to be annexed to notice, Quorum for Meetings, Appointment of Chairman of Meeting, Proxies, Restriction on Voting Rights, Voting by show of hands, Voting by Electronic Means, Demand for Poll, Postal Ballot and Circulation of Member’s Resolution.

How is OPC different from sole-proprietorship?

  • First and foremost, simply because OPC has a separate legal entity from its owners. In case of sole proprietorship, there is no distinction between the two entities. This means that the liability of the owner is separate from the entity. Or in other words, the threat of lien on personal property in case of unmet liabilities is non-existent.
  • Personal financial trustworthiness and credit ratings of the owner does not affect the ratings of the OPC, at least not directly.
  • Owing to the feature of it having a separate legal entity from its owners, the OPC is taxed separately, unlike a sole proprietorship.
  • Undoubtedly, the compliances in an OPC are a bit more tedious as compared to sole proprietorship.

Is there any threshold limits for an OPC to mandatorily get converted into either private or public company?


In case the paid up share capital of an OPC exceeds fifty lakh rupees or its average annual turnover exceeds during the relevant period exceeds two crore rupees, then the OPC has to mandatorily convert into private or public company.

Partnership Concern

Partnership is defined as a relation between two or more persons who have agreed to share the profits of a business carried on by all of them or any of them acting for all. The owners of a partnership business are individually known as the "partners" and collectively as a "firm". A partnership is easy to form as no cumbersome legal formalities are involved. Its registration is also not essential. However, if the firm is not registered, it will be deprived of certain legal benefits. The Registrar of Firms is responsible for registering partnership firms.

A partnership is formed by an agreement, which may be either written or oral. When the written agreement is duly stamped and registered, it is known as "Partnership Deed". Ordinarily, the rights, duties and liabilities of partners are laid down in the deed. But in the case where the deed does not specify the rights and obligations, the provisions of the THE INDIAN PARTNERSHIP ACT, 1932 will apply. The deed, generally contains the following particulars:-

  • Name of the firm.
  • Nature of the business to be carried out.
  • Names of the partners.
  • The town and the place where business will be carried on.
  • The amount of capital to be contributed by each partner.
  • Loans and advances by partners and the interest payable on them.
  • The amount of drawings by each partner and the rate of interest allowed thereon.
  • Duties and powers of each partner.
  • Any other terms and conditions to run the business.

Advantages

  • Ease of formation
  • Greater capital and credit resources
  • Better judgement and more managerial abilities

Disadvantages

  • Absence of ultimate authority
  • Liability for the actions of other partners
  • Limited life
  • Unlimited liability

Partnership is an appropriate form of ownership for medium sized business involving limited capital. This may include small scale industries, wholesale and retail trade; small service concerns like transport agencies, real estate brokers; professional firms like charted accountants, doctors' clinic, attorney or law firms etc.

Limited Liability Partnership

A corporate business vehicle that enables professional expertise and entrepreneurial initiative to combine and operate in flexible, innovative and efficient manner, providing benefits of limited liability while allowing its members the flexibility for organizing their internal structure as a partnership.
Owing to flexibility in its structure and operation, it would be useful for small and medium enterprises, in general, and for the enterprises in services sector, in particular. Internationally, LLPs are the preferred vehicle of business, particularly for service industry or for activities involving professionals.


LLP is governed by the provisions of the Limited Liability Partnership Act 2008, the salient features of which are as follows: -

  • The LLP shall be a body corporate and a legal entity separate from its partners. Any two or more persons, associated for carrying on a lawful business with a view to profit, may by subscribing their names to an incorporation document and filing the same with the Registrar, form a Limited Liability Partnership. The LLP will have perpetual succession.
  • The mutual rights and duties of partners of an LLP inter se and those of the LLP and its partners shall be governed by an agreement between partners or between the LLP and the partners subject to the provisions of the LLP Act 2008 . The act provides flexibility to devise the agreement as per their choice.
  • The LLP will be a separate legal entity, liable to the full extent of its assets, with the liability of the partners being limited to their agreed contribution in the LLP which may be of tangible or intangible nature or both tangible and intangible in nature. No partner would be liable on account of the independent or un-authorized actions of other partners or their misconduct. The liabilities of the LLP and partners who are found to have acted with intent to defraud creditors or for any fraudulent purpose shall be unlimited for all or any of the debts or other liabilities of the LLP.
  • Every LLP shall have at least two partners and shall also have at least two individuals as Designated Partners, of whom at least one shall be resident in India. The duties and obligations of Designated Partners shall be as provided in the law.
  • The LLP shall be under an obligation to maintain annual accounts reflecting true and fair view of its state of affairs. A statement of accounts and solvency shall be filed by every LLP with the Registrar every year.
  • The Indian Partnership Act, 1932 shall not be applicable to Limited Liability Partnerships.
Private Limited Company

A private limited company is a voluntary association of not less than two and not more than two hundred members, whose liability is limited, the transfer of whose shares is limited to its members and who is not allowed to invite the general public to subscribe to its shares or debentures. Its main features are :-

  • It has an independent legal existence. Companies Act, 2013 contains the provisions regarding the legal formalities for setting up of a private limited company.
  • The liability of its members is limited.
  • The shares allotted to it's members are also not freely transferable between them. These companies are not allowed to invite public to subscribe to its shares and debentures.
  • It enjoys continuity of existence i.e. it continues to exist even if all its members die or desert it.
  • Hence, a private company is preferred by those who wish to take the advantage of limited liability but at the same time desire to keep control over the business within a limited circle and maintain the privacy of their business.

Advantages

  • Continuity of existence
  • Limited liability
  • Less legal restrictions

Disadvantages

  • Shares are not freely transferable
  • Not allowed to invite public to subscribe to its shares
  • Scope for promotional frauds
  • Undemocratic control
Limited Company

A public limited company is a voluntary association of members which is incorporated and, therefore has a separate legal existence and the liability of whose members is limited. Its main features are :-

  • The company has a separate legal existence apart from its members who compose it
  • Its formation, working and its winding up, in fact, all its activities are strictly governed by laws, rules and regulations. Companies Act, 2013 contains the provisions regarding the legal formalities for setting up of a public limited company.
  • A company must have a minimum of seven members but there is no limit as regards the maximum number.
  • The shares of a company are freely transferable and that too without the prior consent of other shareholders or without subsequent notice to the company.
  • The liability of a member of a company is limited to the face value of the shares he owns. Once he has paid the whole of the face value, he has no obligation to contribute anything to pay off the creditors of the company.
  • The shareholders of a company do not have the right to participate in the day-to-day management of the business of a company. This ensures separation of ownership from management. The power of decision making in a company is vested in the Board of Directors, and all policy decisions are taken at the Board level by the majority rule. This ensures a unity of direction in management.
  • As a company is an independent legal person, its existence is not affected by the death, retirement or insolvency of any of its shareholders.

Advantages

  • Continuity of existence
  • Larger amount of capital
  • Unity of direction
  • Efficient management
  • Limited liability

Disadvantages

  • Scope for promotional frauds
  • Undemocratic control
  • Scope for directors for personal profit
  • Subjected to strict regulations

The major difference between Private Limited Company & Limited :

  • In Private Limited Company the shareholders comprise of close group of friends and relatives.
  • A Private Limited company cannot make an offer for public to subscribe its shares. Whereas a Limited Company can give an advertisement and invite general public to subscribe for its shares.
  • Basically a Private Limited company is a corporate version of partnership firm where as a Public Limited company is a full-fledged corporate body.
  • For a Private Limited company minimum 2 shareholders are required whereas for Public Limited Company minimum 7 shareholders are required.
  • A shareholder of a Public Limited company can transfer his shares freely at the stock exchange where the shares are listed whereas in a Private Limited Company a shareholder cannot transfer his shares without the consent of other shareholders.
  • Also shares of the Private Limited company cannot be listed on stock exchanges and hence cannot be traded there like shares of a Public Limited company.

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