Private Limited Company

Private Limited Company

What is a Private Limited Company?

A Private Limited Company is a Company limited by shares in which there can be maximum 200 shareholders. It cannot offer its shares or debentures to Public, cannot make or accept deposits from Public and there are restriction on the transfer of shares. The liability of each shareholder is limited to the extent of the amount of shares subscribed. However, the liability of a Director / Manager of such a Company can at times be unlimited.

The minimum number of shareholders and Directors is 2. It also has a minimum share capital requirement of Rs.100,000. A Private Limited Company should be registered with Registrar of Companies (ROC) of the respective State under The Companies Act, 1956 as amended by The Companies Act, 2013.. Although the registration with ROC is on State level, it is free to do Business anywhere in India.

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