Difference Between Private and Public Limited Companies

Private Limited Companies

1.     Relatively small in size 2.     Cannot transfer its shares 3.     Cannot sell its shares through stock exchange 4.     Can have one director 5.     Need not to have Trading Certificate 6.     Formation is easy 7.     Need not to publish financial reports

Public Limited Companies

1.     Relatively larger in size 2.     Can transfer its shares 3.     Can sell its shares through stock exchange 4.     Must have 02 or more directors 5.     It requires trading certificate to commence business 6.     More formalities 7.     Annual accounts must be published