Editing Openai/68daa8d8-0204-8001-988b-c981f5194aa0 (section)

=== Assistant: Good, you’re connecting partnership and company law 👌 Let’s clear the difference: ===
Good, you’re connecting partnership and company law 👌 Let’s clear the difference:

===== - Shares cannot be sold to the public (no IPO). =====
* Shares can only be transferred privately between existing shareholders or with their consent.
* If you contact the company and the shareholders agree, you can buy shares (subject to company law rules).
* But—since you’re a minor (16 years)—you cannot enter into a valid contract yourself. Under the Indian Contract Act, 1872, a minor is not competent to contract. - This means you cannot directly become a shareholder. - However, shares can be held in the name of your guardian/parent until you become 18.

===== - Shares are listed on the stock exchange. =====
* Anyone (including you, through a guardian’s account) can buy shares via apps like INDmoney, Groww, Angel One, etc.

✅ So the key point:
* Private company → yes, shares can be sold privately, but only with mutual consent of existing shareholders, and for you it must be through a guardian because you’re a minor.
* Public company → anyone can buy shares directly in the stock market (again, for you it has to be guardian-held).

Do you want me to make a comparison chart between partnership, private limited, and public limited—showing liability, ownership, shares, and minor’s role? That way you’ll clearly see the differences.