Differences Between Private and Public Company

Topics: Corporation, Stock, Stock market Pages: 3 (401 words) Published: September 25, 2012
Differences between private and public company

| |PRIVATE COMPANY |PUBLIC COMPANY | |Membership |Max 50. Derived from s15 (1). Insert in M&A. |No restriction | |Name |Sdn or Sdn Berhad S22(4) |Berhad | |Restrictions set out under |Must insert in M&A |Not applicable | |s 15(1) | | | |Commencement of business and |Immediately after incorporation |Only after the issuance of Certificate of Commencement of Business | |borrowing power | |(Form 23) by the Registrar of Companies. | |(s 52). | | | |Statutory Meeting and Statutory |Not applicable. | A statutory report must be lodged with CCM and a statutory meeting | |Report (Form 51)(s 142). | |must be held | |Restriction on |No prospectus or Statement in Lieu of Prospectus|A prospectus in lieu of prospectus must be issued before issuing any | |Allotment of shares. |is required to be issued when allotting shares. |shares of securities. S50 | | |...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Essay on Difference Between Public Company and Private Company
  • Differences Between Public and Private Sectors Essay
  • The Difference Between Public and Private Sectors Essay
  • The Differences Between Public and Private Accounting Essay
  • Differences between a Private Company and a Public Company Essay
  • Essay about Differential Factors Between Private Companies and Public Companies
  • Different Between Private Company and Public Company Essay
  • Differences of Private and Public Language Essay

Become a StudyMode Member

Sign Up - It's Free