private limited company is one of the highly recommended ways to start a business in India. This type of business entity limits the owner’s liability to its shareholders, limits the number of shareholders to 200, and restricts shareholders from publicly traded shares. There are more than 150,000 companies are being registered on yearly basis. It is a separate legal entity with limited liability and perpetual existence incorporated now under the Companies Act, 2013.

Eligibility to form Private Limited Company:-

• Number of Directors- Minimum 2 and Maximum 15.
• Number of shareholders- Minimum 2 and maximum no limit. However, one person can act as both director and shareholder.
• Citizenship- At least one director should hold Indian Citizenship.
• Minimum Authorized Share Capital Rs. 100,000 (INR One Lac)

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