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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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