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Private Company, Government Comapny, Public Company - Coggle Diagram
Private Company
Separate Legal Entity:
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separate legal entity wherein even if the shareholders, directors or
members of a company die, the company still continues to stay in
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Government Comapny
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Its management is done by a board of directors. The majority of directors are appointed by the government.
Public Company
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A public limited company is required to have a minimum paid-up capital of Rs 5 lakh or such a higher amount as prescribed under the act.
It is a compulsory requirement under the Companies Act, 2013 for all public companies to add the word ‘limited’ after their name.
To start a public limited company, a minimum of 3 directors are required and there is no restriction on the maximum number of directors.
Is a company that has limited liability and offers shares to the general public. Its stock can be acquired by anyone, either privately through (IPO) initial public offering or via trades on the stock market.