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Differences between private limited company and public limited company are;Private limited company is formed by minimum of 2 shareholders while public limited company is formed by minimum of 7 shareholders.Private limited company has maximum of 50 shareholders while public limited company has no maximum number of shareholders.Private limited company commences immediately it receive certificate incorporation while public limited company waits for certificate of trading.Private limited company, shares are not freely transferable while public limited company shares are freely transferable.Private limited company is not a must for books of account to be audited while public limited company, books of account are audited annually.Private limited company cannot draw prospectus while public limited company must prepare a prospectus.
Differences between whole life and endowment policy are;Whole life covers the assured throughout his/her life while endowment policy covers the assured for a specific period of time.Whole life compensation premium are paid throughout the life while in endowment policy premiums are paid for a specified period of time.Whole life is not a saving plan for the future while endowment policy is a saving for the future.
Differences between banks and non-bank financial institution include;Banks operate current accounts while non-bank financial institutions do not operate current accounts.Banks are controlled by the CBK while non-bank financial institutions are not controlled by CBK.Banks issue cheque books while non-bank financial institutions are not allowed to issue cheque books.Banks are formed to offer a wide range of financial services while non-bank financial institutions are formed to offer specific services in which they were formed for.Banks are usually offer short term loans while non-bank financial institutions are designed to offer medium and long term loans.Banks must open accounts with the central bank while non-bank financial institutions must open accounts with commercial banks.Banks provide forex services while non-bank financial institutions do not deal in forex.Banks members of clearing house while non-bank financial institutions does not take part in clearing house.Banks are involved in credit creation while non-bank financial institutions are not involved in credit creation.
Differences between Nairobi city and New York city are;Nairobi is an inland/dry port while New York is a sea port.Nairobi is a national capital while New York is a state capital.Nairobi is a leading industrial town in East Africa while New York is a leading industrial centre in North America.
Differences between diesel and petrol engines are;Diesel engine uses uses diesel as fuel while petrol engine uses petrol has fuel.Diesel engine has an injector pump while petrol engine has a carburettorDiesel engine while produces a lot of smoke petrol engine produces little smoke.Diesel engine is heavy in weight and suited for heavy duties while petrol engine is light in weight and suited for light duties.Diesel engine has high air compression ratio while petrol engine has low air compression ratio.Diesel engine has low operation costs while petrol engine has high operation costs.Diesel engine, the ratio of air to fuel is not while petrol engine, the ratio of air to fuel is constant.