A business entity registered with the Ministry of Corporate Affairs under companies act. It is the most popular business structure in India as it has many advantages and easy to operate. It is the best option to start the business as the owner and directors of the company has limited liability, and they are not personally liable to any debt and losses owned by the company as the company and management of the company is different from each other. Any business activity can start under the private limited company format, but it should be a legal activity. As per new rules of registration, it gets effortless to register the company by following the simple registration process.
WHAT IS PRIVATE LIMITED COMPANY ?
Private limited company is most popular types of corporate legal entity and it is registered and governed by Ministry of Corporate Affairs(MCA)
PRIVATE LIMITED Company is a private entity , which have minimum 2 members a per company act , and maximum 200 members as per company act, Advantage of private limited company is east Fund Raising , owner is limited liability , unlimited liability, separate legal existence, Unique separate legal name and entity , tax holiday against startup india
foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.
