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#Petrolpricehike #modieastindiacompany

6th October 2020,
Bombay

What are private companies?

Private companies are companies owned by share holders with promoters holding the maximum number of shares.

What is the purpose of private companies?
The purpose of private companies is to earn maximum profit with minimum / efficient effort.

Will any private company create employment more than what is the bare minimum required?

No, in fact they will always try to get maximum work done by the minimum number of employees.
Will a private company work for public welfare and good?

No private company will work for public welfare or good unless they are able to get tax concessions of the same or bigger amount that they spend. Which is actually self defeating because the
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