Company Registration
Private Limited Company is the highest number of business entity registered in India. The registration of private limited company is governed by the Company ACT-2013 & Company Formation and registration Rules -2014. A minimum of two director and two shareholder is required to form a private limited company. A single person can act both as a director as well as a share holder of the company.
As in the case of OPC & LLP the liability of the Members or Shareholder of the company is limited to the assets held in the name of the company. Business in the form of Private limited Company is normally done by Small & Medium Enterprises.
The existence of private limited company in perpetual i.e the company existence is not affected by the change in the director ship or membership of the company.