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Private limited company
Info about private limited company
A private limited company (Pvt Ltd) is a type of business with limited liability and restricted share transfers. It is a popular choice for Indian SMEs due to its adaptability, ease of formation, and limited liability protection.
A few characteristics of a confidential restricted organization are as follows:
Liability
Shareholders are only responsible for the value of their shares because they are protecting personal assets.
Individual or entity:
The owners of a private limited company are not the same legal person. Even if all of its members die or it goes bankrupt, it still exists.
Shareholders:
A private limited company can only have a maximum of 200 shareholders.
Directors:
A private limited company must have at least two directors, but no more than 15.
Accumulated capital:
One lakh rupees is the minimum required paid-up capital, but this may change.
Taxes:
Private limited companies pay Corporation Tax on taxable profits. Additionally, shareholders may not be subject to income tax on dividend payments.
Registration:
To register a private limited company, you'll need a DSC, a DIN, a name approval, and other things. Furthermore, you should compose the notice and articles of relationship for the business.
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