The characteristics of a private limited company
Members
In order to start a company, a minimum of 2 members and a maximum of 200 members are require as per the provisions of the Companies Act, 2013.
Limited Liability-
The liability of each member or shareholders is limited. This means that if a company incurs a loss under any circumstances, its shareholders are liable to sell their own assets for payment. The personal, personal property of shareholders is not at risk.
Permanent succession –
Death, bankruptcy, bankruptcy of any of its members is also in the eyes of the company law. This leads to a lasting legacy of the company. The life of the company lasts forever.
Index of Members –
A private company is privileged over a public company as they are not required to keep an index of its members while a public company is require to maintain an index of its members.
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14000/- all inclusive; NO ADVANCE PAYMENT)Registration of private limited company is quickest and easiest way for formation (Incorporation) of company, as it does not required in physical document submission.
Maximum risk for shareholder is up to capital contributed via shares capital.
Private Limited Company RegistrationA Private Ltd. may be a small business that's maintained privately, it's one among the highly recommended businesses in India especially for startups.
The registration of the private limited company is governed by The Companies Act 2013 in India.According to the businesses Act, 2013, a minimum of two shareholders is required to start a personal company, while a maximum of 200 members.
In case a private limited company undergoes any financial risk, the personal assets of members or shareholders are not subject to sell, i.e.
The suggested director must be 18 or crossed 18 years of age.
The proposed director of a personal Ltd. in India also can be a far off nationalNo minimum paid-up capital investment is required for the Private limited Company Registration in Chennai.
after their company nameA Private limited Company Registration Online is a never-ending business as it can hold its existence even after the death or bankruptcy or failure of its Members.This type of company does not have any relationship with the public is not allowed to ask for any validatory from the public or from any of the public sectors.
