Private company

From ACT Wiki
Revision as of 20:35, 18 December 2020 by imported>Doug Williamson (Expand definition.)
Jump to navigationJump to search

Private companies are not allowed to offer their shares for sale to the public.

For this reason, private companies are subject to lighter regulation and reporting requirements, compared with listed companies.


However, even privately owned companies must make regular filings of financial and other information at the companies registry, in prescribed formats.


See also