Private limited company registration is the most established, prevailing and accepted type of commercial or business officially permitted individuality in India. Private limited company registration is administrating and governed by the Companies Act, 2013 and the Companies integration or amalgamation Rules, 2014.
Private Limited Company can be recorded and registered with a least amount of only 2 shareholders. On the other hand, the utmost and maximum quantity of shareholders can’t be supplementary than 200. After the amendment and adjustment in Companies Act, 2013, there is no minimum capital maximum value now.
There is a necessity and compulsion of least amount 2 directors who are persons and individuals. Maximum and greatest number of directors is 15. Either the directors or subscribers call for or could do with not be the same person. One director must be a resident of Indian and there is the minimum capital is required that is it nil only, DIN of all the directors.
A private limited company registration can own its assets by its own name and also its liabilities by its own name also a company has the right to sue the third party in order to or in case of non-attendance or defaulting in their own name.
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