Ltd is an acronym for “limited,” which is normally use for Public Limited Company, and Pvt Ltd is an acronym for “Private limited,” which is normally used for a private company.
A private company does not display its shares to the public and is owned majorly by a group of promoters while the public company is open to everyone, the shares are open to everyone and are owned by the public. The minimum shareholder in the private company is, and the maximum is 50 while the minimum shareholder in the public limited company is seven and no limit to the maximum shareholders.
Shares are transferred easily from the public company to a private company. Share of the public company is listed in the stock exchange while the private company does not list their shares to the stock exchange. A public company is referred to as a corporate body, and a public company is a partnership firm.