PRIVATE LIMITED COMPANY REGISTRATION
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Private Limited Company is the most popular corporate entity that is registered extensively in India. It is governed by the MCA (Ministry of Corporate Affairs) and regulated by the Companies Act, 2013 and the Companies Incorporation Rules, 2014. Setting a Private Limited Company is one of the highly recommended ways to start a business in India. This type of company offers limited liability for its shareholders with certain restrictions placed on the ownership.
- 1. Private Limited Company can have a minimum of two members and a maximum of fifty members.
- 2. Directors have limited liability to creditors.
- 3. If there is any default, the banks or creditors need to sell off only the company’s assets but not personal assets.