Private Limited Company:- Introduction, Advantages, Compliances
What is Private Limited Company The Companies Act, 2013 defines a Private Limited Company, the Company managed by family, friends & relatives and the liability of members are limited to their shares in the Company. The Private Limited Company restrict the right to transfer the Company’s share & also limits the number of members to two hundred. Advantages of Private Limited Company registration Private Limited Company is one of the most popular means for initiating a business. The following are some of the advantages of a private limited company: Separate Legal identity Stability due to Limited Liability of members Greater flexibility in the management of business affairs. Only two members and two shareholders are required to incorporate a private limited company The minimum number of directors required to form a private limited company is two as compared to public Limited Company where the minimum requirement is three. Business can be immedi...