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Private Limited Company Registration in India
by Gaurav K. Accountant & Tax AdvisorPrivate Limited Company Registration in India
A private limited is a company which is run by a small group of peaople. The shares of a private limited company cannot be traded publically. The shareholders are the owners of the company and the key managerial decisions are taken by the board of directors. It is a body corporate having separate legal entity. It has perpetual succession which means that the company continues to exist even after the death of all its members.
The minimum number of members required to start a private company is 2 and the maximum is 200. The liability of ach member is limited to the extent of shares held by them. The minimum number of directors is also 2.
Advantages of a private limited company:
- Ownership and decision making powers lies in the hands of a few who are usually the founders, management or private investors.
- Lesser disclosure requirements as compared to a public company
- Confidentiality of information maintained
- No pressure from the stock market to increase their shareholder’s wealth
- Least interference by SEBI and other Government bodies in the day to day operations
- Founders have liberty to run their business the way they wish, focussing on long range or short range plans, whichever suits them
- No need to maintain the minimum amount of share capital as required in case of public companies
- Lesser legal formalities as compared with that of a public company
Get your Private Limited Company Registration in India online with EazyBahi. Consult with our experts to know the pvt ltd company registration cost, process and advantages.
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About Gaurav K. 
Accountant & Tax Advisor
0 connections, 0 recommendations, 15 honor points.Joined APSense since, October 7th, 2023, From Raipur, India.
Created on Jan 17th 2024 01:04. Viewed 85 times.
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