Private Limited Company
A Private Limited Company is a business entity which are formed by a small group of people called shareholders who are the real owners of the company. In private company there is no involvement of public in the shareholding or management of the Company.
Private limited company can be formed by just 2 members and 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 enjoy some of the major privilege under Companies Act 2013 and the registration process is also easy. It is also considered as separate legal entities and are separate from the existence of their owners which means they cannot be dissolved or end because of the death, retirement or insanity of any of their member or director.
DESCRIPTION OF SERVICE
BENEFITS
Document Required
FAQS
Private Company can be started with a minimum of only 2 members(and maximum of 200)..
Section 149(1) of the Companies Act, 2013 requires that every Private company shall have a minimum number of 2 directors.
As Per Sec 2(68) of Companies Act 2013 There are no minimum requirement of capital to form private limited.
As per the Companies Act, 2013 a company can have a maximum of 15 Directors. Provided that a company can appoint more than 15 directors by passing special resolution.
By Joining Hand with Genserve, we provide experts who give you complete guidance on how to incorporate a private limited company with also post incorporation process.