Registration of Private Limited Company
Private Limited Company
In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee. The former may be further divided into public companies and private companies. Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company.
Company Limited/Private Limited, being a Company registered under the Companies Act, 1956, aslimited company are restricted to those specified in section 25, sub-section (1), clause (a) of the saidAct and that it intends to apply its profits