What is pvt ltd company in India?
What is a Private Limited Company? A private limited company is a privately held business entity held by private stakeholders. The liability arrangement, in this case, is that of a limited partnership, wherein the liability of a shareholder extends only up to the number of shares held by them.
Who is the real owner of pvt ltd company?
The shareholders are the real owners of the company. The ownership in a Private Limited Company is defined by share capital. Shares are the equal parts of the company’s capital.
What is the benefit of Pvt Ltd?
Therefore a company form of organization has wide legal capacity and can own property and also incur debts. The members (Shareholders/Directors) of a company have no liability to the creditors of a company for such debts. Hence, a pvt ltd company is a legal entity separate from that of its members.
What is Pvt Ltd company rules?
To start your Private limited company at least two people is required and you may exceed to a maximum of 200 people. If your company faces any loss , you are liable to sell assets of company for payment. Your personal or any individual resources or funds are not at risk. A private limited company exists forever.