Meassociate Consultant is one of the best Private Limited Company Registration Consultant in Coimbatore. It is a type of company used in many jurisdictions in contrast to public ownership. The owner’s liability is limited to their shares. It is limited to having 50 or fewer shareholders. It is a privately held small business entity.
Members: To start a company a minimum of 2 members are required and a maximum of 200 members as per the provisions of the Companies Act 2013.
Limited Liability: The liability of each member or shareholder is limited, In this case, the shareholders are liable to sell their own assets for payment if the company faces any loss. The personal assets of the members are not at risk.
Index of members: It has privilege over the public company as they don’t keep an index of their members.
Paid up capital: It must have a minimum paid up capital of Rs. 1 lakh or such higher amount which may be prescribed from time to time.
Prospectus: This is no such need to issue a prospectus because in this public is not invited to subscribe for the shares of the company.
Name: It is mandatory for all private limited companies to use the word private limited after its name.
A private limited company is registered by 4 easy steps mentioned below