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