PRIVATE ENTERPRISES

FEATURES

CAPITAL

TRANSFER OF SHARES

NUMBER OF DIRECTORS

NUMBER OF MEMBERS

SHARES AND DEBENTURES

ACCEPTANCE OF DEPOSITS

MERITS

LIMITED LIABILITY

PERPETUAL SUCCESSION

DUAL RELATIONSHIP

TAXATION

SECRECY

DEMERITS

PROFIT SHARING

NO TRADING

LESSER PUBLIC

CONFIDENCE

POOR PROTECTIO

N TO MEMBERS

BASIS OF DISTINCTION

MINIMUM PAID UP CAPITALMINIMUM AND MAXIMUM NUMBER OF MEMBERSNUMBER OF DIRECTORSCONSENT OF DIRECTORSCOMMENCEMENT OF BUSINESS

PRIVATE COMPANIES, PUBLIC COMPANIES AND COOPERATIVES IN

INDIA

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