When two or more than two persons are interested to share their profit and liability and registered their entity under Companies Act 2013. As per Sec 2(68) of Companies Act 2013.A private Company means a company, which has such minimum paid-up share capital as may be prescribed and which by its articles provides the following.
(i) Restricts the right to transfer its shares
(ii) Except in the case of one-person company (OPC), limits the number of its members to two hundred excluding present and past employees who continue to be the members of the company.
(iii) Prohibits any invitation to the public to subscribe any securities of the company.
Key features of a Private Limited Company
Minimum no of Members is Two and maximum should not be more than 200
At least Two directors
The Name of a private limited company must end with the word “Private Limited”
Tags : Private Limited Company Registration
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