Private Limited Company Registration India
A Private Limited Company a.k.a. Pvt Ltd Co. is a company which is privately held for small businesses. The liability of the members of a Private Limited Company is limited to the amount of shares respectively held by them. Shares of Private Limited Company cannot be publically traded. Private limited company registration is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014.
The shareholders of the company are said to be the owners, whereas the personnel managing day-to-day operations are called as directors.The Government of India is consistently introducing such provisions that make the registration process easy and simpler for every start-up especially small scale. To register a private imited company, a minimum of two shareholders and two directors are required.
Unique features of a private limited company like limited liability protection to shareholders, ability to raise equity funds, separate legal entity status and perpetual existence make it the most recommended type of business entity for millions of small and medium sized businesses that are family owned or professionally managed.