Private Limited Company Registration
WHAT IS A PRIVATE LIMITED COMPANY (PVT LTD)?
A Private Limited Company (PVT LTD) is a privately held small business operation. The legal responsibility members of a private limited company are limited to the number of shares held by that member. A private limited company is ruled by Companies Act, No.2013. The lower limit of shareholders required to start a private limited company is two while the upper limit of members is 200 in accordance with the Companies Act, No. 2013.
If a private limited company faces a financial threat, its shareholders are not legally responsible to sell their individual assets/properties i.e. they have limited liability or legal responsibility. There must be a lower limit of two directors and upper limit 15 directors for a private limited company and a director must be 18 years above in age.
A foreign citizen can become a director of private limited company India (PVT LTD).
PRIVATE LIMITED COMPANY (PVT LTD) BENEFITS
The legal operation is separate.
Easy to form.
It is mandatory to add privately limited (PVT ltd) to a private limited company India. least paid capital amount for a private limited company is Rs. 1 Lakh. A private limited company keeps on existing even in the case of death or economic failure of its Members.