A company in India is required to be incorporated under The
Companies Act, 1956 and is also required to comply with various regulations/
procedures laid down under the Companies Act, 1956.
A Pvt Limited Company is:
A Company limited by shares in which there can be maximum 50
shareholders
The minimum number of shareholders is 2 (two).
No invitation can be made to the public for subscription of
shares or debentures
Cannot make or accept deposits from Public, and
There are restrictions on the transfer of shares.
The liability of each shareholder is limited to the extent
of the unpaid amount of the shares face value, and the premium thereon in
respect of the shares held by him.
Ex planatory table
Particulars
|
Requisites
|
Minimum Directors
|
2
|
Minimum Subscribers
|
2
|
Minimum Authorised Capital
|
Rs 1.00 lakh
|
Pre-requisites to
start a private limited Company in India.
