https://www.taxtmi.com/acts?id=12233 Section 3 defines company, existing company, private company and public company. An existing company is one formed under prior companies laws or corresponding local enactments; exclusions and territorial exceptions are listed. A private company is characterised by prescribed minimum paid up capital, restrictions on share transfer, membership limits (with employment exceptions), prohibition on public subscription invitations and restrictions on deposit acceptance. A public company is any company not a private company and is subject to higher prescribed paid up capital; a private company that is a subsidiary of a non private company is treated as public. en-us Tue, 03 May 2011 16:45:22 +0530 Tue, 03 May 2011 22:45:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12233 Section 3 defines company, existing company, private company and public company. An existing company is one formed under prior companies laws or corresponding local enactments; exclusions and territorial exceptions are listed. A private company is characterised by prescribed minimum paid up capital, restrictions on share transfer, membership limits (with employment exceptions), prohibition on public subscription invitations and restrictions on deposit acceptance. A public company is any company not a private company and is subject to higher prescribed paid up capital; a private company that is a subsidiary of a non private company is treated as public. Act-Rules Companies Law Tue, 03 May 2011 16:45:22 +0530 https://www.taxtmi.com/acts?id=12233