Private limited company is a separate legal entity apart from business. This type of entity the liability of the company limited to the extend of the shareholding. Under companies 2013 the number of shareholder in a private limited company is 200..
Find out how to register a private limited company, the most popular way of starting a business in India. Get to know the private limited company registration procedure.
A private limited company is a limited liability entity incorporated under Companies Act, 2013. It has a minimum of two directors (with a maximum of 15). A natural person can be a director and as well as shareholder, where a corporate legal entity can only be a shareholder
Some of the unique features of a private limited company like the limited liability protection to shareholders,
* Members the minimum number of 2 are required and maximum number of members are 200.
* The liability of the company is limited to the extend of the shareholding.
* The life of the private limited company is perpetual and in case of the death of the member the company is going on for ever
* The minimum paid up capital of the company is 1 lacs
* The minimum number of the director is two and without two directors company cannot run its operation.
* The private limited company is prohibits accepts its deposits from the public
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