A private company means a company which has a minimum paid up capital of one lakh rupees or such higher paid up capital and by its articles:
(a) restricts the right to transfer its shares.
(b) prohibits any invitation to the public to subscribe for any shares or debentures.
(c) prohibits any invitation or acceptance of deposits from persons other than its members, directors or their relatives.
There should be at least two persons to form a private company. A private company can therefore be registered with a minimum 2 members and cannot have more than 50 members. The words "Private Limited" must be added at the end of its name by a private limited company. It can be shortly added as "Pvt Ltd".
Register your Private Limited company now through online. Click here to place your order today.
(b) prohibits any invitation to the public to subscribe for any shares or debentures.
(c) prohibits any invitation or acceptance of deposits from persons other than its members, directors or their relatives.
There should be at least two persons to form a private company. A private company can therefore be registered with a minimum 2 members and cannot have more than 50 members. The words "Private Limited" must be added at the end of its name by a private limited company. It can be shortly added as "Pvt Ltd".
Register your Private Limited company now through online. Click here to place your order today.
