A private limited company in India is incorporated under the Companies Act, 2013. This Act states that it should have at least two members and can have a maximum of two hundred members. It is the most popular legal structure globally as it gives more credibility to your company.
Further, the Act also specifies certain compliance that is mandatory for a private limited company to safeguard the interest of all the stakeholders. A private limited company in India has more credibility due to more stringent compliance it has to follow.
As per the law, for such legal entities, both directors and members of a private limited company in India have limited liability to creditors of the company. Directors can only sell assets of the company, excluding their personal assets in the case of default, financial institutions or creditors.
Most of the startups and new generation entrepreneurs are opting for private limited companies because of their ease of funding. We can guide and help you with your private limited company registration in India. The process and compliances are the same all over India.
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Private Limited Company Registration