You need to reword the question ... this is far too vague to answer..
They have Shareholders (the owners);
The shareholders appoint aboard of directors;
The directors appoint managers;
Managers appoint workers
the membership may be unlimited since the provisions in law allows permits for a public limitedcompany
In this context, a "public company" signifies only that its stock is traded publicly and anyone can buy it. It has nothing to do with "membership."
there are 7 minmum members in pvt.ltd. & maximum as per share holders.
The board has five members,"appointed from among prominent individuals of integrity.". Two members, and only two members, are to be certified public accountants (CPAs) or have been CPAs previously. The total number of staff at the end of 2004 was 260.
Minimum Seven persons are required for incorporation of public limited company. Certificate of Incorporation: ROC then scrutinizes the incorporation form and documents, if ROC finds the documents are in order, issues Certificate of Incorporation which is the Registration certificate of public limited company.
The difference between public and private company can be drawn clearly on the following grounds: A public company refers to a company that is listed on a recognized stock exchange and traded publicly. A Private Ltd. company is one that is not listed on a stock exchange and is held privately by the members. There must be at least seven members to start a public company. As against this, the private company can be started with minimum two members. The is no ceiling on the maximum number of members in a public company. Conversely, a private company can have a maximum of 200 members, subject to certain conditions. A public company should have at least three directors whereas the Private Ltd. company can have a minimum of 2 directors. It is compulsory to call a statutory general meeting of members, in the case of a public company, whereas there is no such compulsion in the case of a private company. In a Public Ltd. Company, there must be at least five members, personally present at the Annual General Meeting (AGM) for constituting the requisite quorum. On the other hand, in the case of Private Ltd. Company, that number is 2. The issue of prospectus/statement instead of the prospectus is mandatory in case of a public company, but this is not the case with the private company. To start a business, the public company needs a certificate of commencement of business after it is incorporated. In contrast, a private company can start its business just after receiving a certificate of incorporation. The transferability of shares of a Pvt. Ltd. company is completely restricted. On the contrary, the shareholders of a public company can freely transfer their shares. A public company can invite the general public for subscribing shares of the company. As opposed, a private company has no right to invite public for subscription.
A UK limited company means that the liability of the members in the company has a limit to the amount they have invested. There are public and private versions of limited companies.
1) The company has a legal existence separate from management and its members (the shareholders) 2) Members' liability is limited 3)New shareholders and investors can be easily acquired
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This is foolish
The minimum should be 2 members and maximum 50 members.
the members of a company are the people who are in it
A public limited companies is a small to medium sized business owned by shareholders who are often members of the same family or friends.
I am no expert, but in a company you have the option to sell shares for capital income. So if it is limited to the public, then it means that bussinesses cannot buy shares. Ownership belongs to the members in terms of % shares.