Private Limited Company in India

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Private Limited Company in India

Rs.24,999.00

A Private Limited Company is that type of a company where minimum number of members is two and maximum number is two hundred.

A private limited company has the limited liability of members but at the same time it has many characteristics as those of a partnership firm.

A private limited company has all the advantages of partnership namely flexibility, greater capital combination of different and diversified abilities, etc., and at the same time it has advantages of limited liability, greater stability and legal entity. In this sense, a private limited company stands between partnership and widely owned public company

The maximum number of directors shall have to be mentioned in the Articles of Association

Product Description

A Private Limited Company is that type of a company where minimum number of members is two and maximum number is two hundred.

A private limited company has the limited liability of members but at the same time it has many characteristics as those of a partnership firm.

A private limited company has all the advantages of partnership namely flexibility, greater capital combination of different and diversified abilities, etc., and at the same time it has advantages of limited liability, greater stability and legal entity. In this sense, a private limited company stands between partnership and widely owned public company

The maximum number of directors shall have to be mentioned in the Articles of Association

ADVANTAGES OF A PRIVATE LIMITED COMPANY

Separate Legal Entity

A company is a separate legal entity and a juristic person established under the Act. The Shareholder and/or Director of a company have no liability to the creditors of a company for such debts.

Uninterrupted Existance

A company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership.

Owning Property

A company being a juristic person, can acquire, own, enjoy and alienate, property in its own name. No shareholder can make any claim upon the property of the company so long as the company is a going concern.

Limited Liability

Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorships and partnerships, in an OPC the liability of the members in respect of the company’s debts is limited.

Easy Transferability

Shares of a company are easily transferable by a shareholder to any other person. Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares.

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