Private limited company is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014 which can have a minimum of two members and can go as far as to two hundred members, it must have minimum of two directors and a maximum of fifteen directors.
Further, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.
Special characteristics of a private limited company like limited liability protection to shareholders, separate legal entity status and perpetual existence make it the most recommended type of business entity for millions of small and medium sized businesses that are family owned or professionally managed.
We at “my easy filling”, will make it easy for you to incorporate a private limited company with end to end help from our professional team.