In India one can incorporate two types of companies , one is Pvt. Ltd. Co. and Other is Public Ltd. Co. (also called Ltd. Co.). For naming a company as a Ltd. Or Pvt. Ltd., one must adhere to the rules and guidelines as per Company Law. There are various difference between Private Limited Company and Limited Company. First and most important difference is minimum paid up capital, for a Pvt. Ltd. co. it is Rs. 1,00,000 whereas for Ltd. co. it is Rs. 5,00,000. In a Pvt. Ltd. Co., minimum required share holders are 3 whereas in Ltd. Co.(Public Ltd. Co.)minimum 7 share holders are required. Maximum members allowed in a Pvt. Ltd. co. are 50 and there is no such restriction in Ltd. Co. A Pvt. Ltd. Co. can have 2 directors whereas minimum 3 directors are required in Ltd. Co.A Pvt. Ltd. Co. can not subscribe its share to public where as in Ltd. Co. can invite public for subscription of shares. In a Pvt. Ltd. Co., consent of other shareholder are required to transfer shares where as in Ltd. Co. one can freely transfer shares at stock exchange. Shares of Pvt. Ltd. Co. is non tradeable as company can not list its shares on stock exchange where as Ltd. Co. shares are listed on stock exchange and tradeable. There is no obligation to call Statutory meeting in Pvt. Ltd. Co. where as it is must for Lt. Co.