Company Registered as Private Limited Company Company Registered as Single Member Company
   1.      A company registered as Private Limited Company cannot invite subscriptions from general public.    1.      This condition is same for the company registered as Single Member Company.
   2.      Transfer of shares is prohibited in the company registered as private limited company.     2.      Transfer of share is also prohibited in the company registered as single member company and can only be done through the will of the only single member or as per the requirements of inheritance law.
   3.      In case of company registered as private limited company nominations of the members of the company is only filed with the company.    3.      In case of company registered as single member company nomination of nominee director is filed with the company and thereafter company notifies the registrar of the companies by filing form S1.
   4.      A company registered as Private Limited Company should have at least 2 members.    4.      A company registered as single member company should have only 1 member.
   5.      In case of company registered as Private Limited company maximum number of members are limited to 50. However the employee members are not counted for the purpose of deciding upper limit and joint shareholders are counted as one.    5.      In case of company registered as single member company only one member is the maximum and minimum limit.
   6.      In case of company registered as Private Limited company certificate to commence business from Registrar is not required.    6.      In case of company registered as single member company there is no requirement to obtain certificate to commence business.
   7.      In case of company registered as private limited company there is no requirement to obtain minimum subscription.    7.      In case of company registered as single member company there is no requirement to obtain minimum subscription.
    8.      For a company registered as private limited company there is no requirement of filing of prospectus except when a private limited company is converted into public limited company.    8.      In case of company registered as single member company prospectus is also not required.
   9.      Filing of accounts with Securities and Exchange Commission of Pakistan is not mandatory in case of company registered as private limited company except when the capital of the company is Rs. 7.5 Million.      9.      Filing of accounts is also not mandatory for company registered as single member company.
   10.  In case of company registered as Private Limited company qualification of auditor is not prescribed except when the capital of the company is Rs. 3 Million or more appointment of Chartered Accountant as auditor is mandatory.    10.  In case of company registered as single member company the conditions for appointment of auditors is similar to that of company registered as private limited company.
   11.  There is no restriction for investment in associated companies and associated undertaking in case of company registered as private limited company.   11.  Same conditions apply for company registered as single member company as are applicable to companies registered as private limited company.
   12.  For company registered as Private Limited company there is no restriction on the business of chief executive of the company. The chief executive of the company can undertake any type of business he wishes to desire.    12.  The conditions for the business of chief executive for single member company are similar to that of the company registered as private limited company.
  13.  Company registered as private limited company there is no requirement for reporting beneficial ownership.    13.  For company registered as single member company the conditions are similar as mentioned on the right for company registered as private limited company.
  14.  There is no requirement for companies registered as private limited company to hold statutory meeting.   14.  Company registered as single member company is also not required to hold statutory meeting.
    15.  Private limited company is also not required to file statutory report.    15.  Company registered as single member company is also not required to file statutory meeting.
   16.  Appointment of company secretary is not mandatory for company registered as private limited company.    16.  For company registered as single member company appoint of company secretary is mandatory.
   17.  In case of company registered as private limited company quorum of the meeting is minimum 2 members present is person having not less than 25% of the voting power on their account or through proxies.    17.  In case of company registered as single member company only a single member present personally or through proxy constitute the quorum.
   18.  In case the company registered as private limited company if number of members is reduced from 2 to 1 it has to convert itself into single member company.    18.  Similarly in case of company registered as single member company if the number of member is increased from 1 it has to convert its self into private limited company.
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