Comparison Between Limited Liability Company (LLC) and Private Joint Stock Company (PJSC)

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Comparison Between Limited Liability Company (LLC) and Private Joint Stock Company (PJSC)

Table of Comparison of LLC and PJSC

 

Limited Liability Company

Private Joint Stock Company

Minimum No. of shareholders 

2

3

Nature of Capital

shares

Stocks

Min. number of board of directors or managers

1

2

Minimum Capital

1,000,000 Rials ($30 USD)

1,000,000 Rials($30 USD)[1]

Appointment of Chief Financial Officer

Optional

Mandatory

Sale of stock in Iran’s securities Market or issuing bonds

n/a

n/a

Publications of shareholders’ invitation in news papers

n/a

yes

Liabilities of shareholders

Limited to amount of shares

Limited to amount of stocks

Voting power

Pursuant to amount of shares

Pursuant to amount of stocks

[1]At least 35% of capital shall be deposited at banks and the rest shall be obligation of shareholders.

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