Private Limited Company is the most popular business structure option for businesses in Indiait can be held by multiple private owners. It limits the owner’s liability to their ownership stake, and restricts shareholders from publicly trading shares.
It has minimum of two directors and maximum 15. At least two shareholders/members Compulsory .A natural person can be a director and as well as shareholder, corporate legal entity and foreign nationals can also be a shareholder, that’s why it’s preferred choice of entity for foreign promoters.
Time duration for private limited company registration: Normally it takes 5 working days to get the private limited company registration subject to proposed company name availability approval.
Upon registering, it gives your business a proper legal company status and grants you the rights of doing business in India and abroad. This type of business entity provides the best protection of personal assets as the founders, directors, and stockholders, they are not liable for the company’s debts and obligations.
This company formation is recommended for startups, tech business, small and medium enterprises.
