Company Incorporation service quickly and hassle free without having to visit various Govt Departments.
Incorporation of Private Limited company in as early as 11 days and at a very affordable fees. Get GST, Income Tax, ROC, & Accounting consultancy also.
Definition of Private Company
Section 2(68) of Companies Act, 2013 defines private companies. According to that, private companies are those companies whose articles of association restrict the transferability of shares and prevent the public at large from subscribing to them. This is the basic criterion that differentiates private companies from public companies.
The Section further says private companies can have a maximum of 200 members (except for One Person Companies). This number does not include present and former employees who are also members. Moreover, more than two persons who own shares jointly are treated as a single member.
Overview of Private Company
A Private Limited Company (PLC) offers limited liability and legal protection to its shareholders. A PLC in India lies somewhere between a partnership firm and a widely owned public limited company. It can be registered with a minimum of two people. A person can be both a director and shareholder in a Private Limited Company.
The liability of the members of a (PLC) is limited to the number of shares held by them. A in India can begin with operations after getting the Certificate of Incorporation and Certificate of commencement of Business.
Please Click Here to view the fees charged by the ROC for submission of SPICe Form for incorporation of private limited company.