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When a company is formed at the initiative of the government and all or major portion of the shares are held by the government, such a company is generally known a government company. A private company, on the other hand, is one in which all or major portion of the shares are held by the members of the public.

All companies, whether government or non-government, may be again sub-divided into public and private companies. A private company has a limited number of shareholders and such shares cannot be traded in the stock exchange. But in case of a public company, shares may be held by the entrepreneurs as well as by other members of the public and such a company qualifies for trading their shares in the stock exchange, subject to fulfilment of some conditions which are relevant to the enlistment with the stock exchange.
The Public company end with Ltd and Private company end with (Pty)Ltd. Public is minum of seven 7 shareholders maximum of infinity and Private is minum of & maximum of 50 shareholders. me Shares of public are registerd with the Johanersburg Stock of Exchange and Private does not registered with JSE. Shares are limited to the Authorised not the issued.

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Q: What is different characteristic between public and private company?
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