Description
Private limited Company
Private limited Company is the most reputed form of business firm. A private limited company in India comes under the ministry of corporate affairs. Private limited companies offer limited liability to the shareholders with certain restrictions. It is one of the most popular types of business entities.
Requirements to register a Private Limited Company in India
No of Shareholders 2 individuals
No of Directors 2 individuals ( Can be 3)
Authorized Capital Rs. 1 lakh minimum
Paid-up capital Rs. 10,000
Types of Private Limited Company
- Company Limited by Shares
- Company Limited by Guarantee
- Unlimited Companies
Characteristics of the Private Limited Company:
- Limitation on Membership
- Paid-Up Capital
- Transferability of Shares
- Name of Company
- Limited Liability
- Perpetual Succession
- Separate Legal Entity
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