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Number of individuals For a public restricted organization, least number of individuals is seven For a private restricted organization, least number of individuals is two
Issue of offers Public restricted organization will undoubtedly elevate issue of offers to overall population through media.There is no such arrangement for private restricted organization . Name of the organization Public restricted organizations add “Ltd.” with their name.
Private restricted organizations add “(Pvt) Ltd.” with their name. Yearly report Public restricted organizations need to introduce their information to overall population. There is no such arrangement for private restricted organization.
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Move of offers Moving offers in broad daylight restricted companies is simple. In private restricted organization, investor can’t move the offers without the assent of different individuals 6. Legal gathering It is required for the public restricted organization to hold legal gathering. FIN621 MIDTERM PAST PAPERS
There is no such commitment for private restricted organization. Accommodation of yearly report It is mandatory for the public restricted organizations to present their yearly report to enlistment center Corporate Law Authority. FIN621 MIDTERM PAST PAPERS
It isn’t required for private restricted organization. Tax collection Public restricted organization pays twofold tax collection at various personal assessment ratesS.Private restricted organization pays charge just a single time at various annual assessment rates. Prologue to Business – MGT 211 VU © Copyright Virtual University of Pakistan 56 Illustration Business entity.
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