Characteristics of a Private Limited Company
The following are the characteristics of a private limited company:-
- Members– To start a company, a minimum number of 2 members are required and a maximum number of 200 members as per the provisions of the Companies Act, 2013.
- Limited Liability– The liability of each member or shareholder is limited. It means that if a company faces loss under any circumstances then its shareholders are liable to sell their own assets for payment. The personal, individual assets of the shareholders are not at risk.
- Perpetual succession– The Company keeps on existing in the eyes of law even in the case of death, insolvency, the bankruptcy of any of its members. This leads to the perpetual succession of the company. The life of the company keeps on existing forever.
- Index of members– A private company has a privilege over the public company as it don’t have to keep an index of its members whereas the public company is required to maintain an index of its members.
- A number of directors– When it comes to directors a private company needs to have only two directors. With the existence of 2 directors, a private company can come into operations.
- 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– Prospectus is a detailed statement of the company affairs that is issued by a company for its public. However, in the case of a private limited company, there is no such need to issue a prospectus because this public is not invited to subscribe for the shares of the company.
- Minimum subscription– It is the amount received by the company which is 90% of the shares issued within a certain period of time. If the company is not able to receive 90% of the amount then they cannot commence further business. In the case of a private limited company, shares can be allotted to the public without receiving the minimum subscription.
- Name– It is mandatory for all private companies to use the word private limited after its name.
Fvjvlr (Poseted On : 2024-03-07 18:39:23pm)
buy atorvastatin 40mg generic atorvastatin canada buy atorvastatin no prescription
Hivscw (Poseted On : 2024-03-14 12:11:40pm)
buy ciprofloxacin generic - buy cheap generic cipro buy augmentin 1000mg generic
Oasbvl (Poseted On : 2024-03-14 23:13:00pm)
cipro price - buy septra for sale buy augmentin paypal
Fowxvf (Poseted On : 2024-03-17 08:01:30am)
metronidazole 200mg tablet - cefaclor online buy azithromycin 500mg generic
Xleedi (Poseted On : 2024-03-20 11:01:45am)
stromectol 3 mg tablets price - purchase sumycin online buy sumycin generic
Irfkbt (Poseted On : 2024-03-21 14:42:41pm)
metronidazole 400mg usa - buy azithromycin 500mg buy azithromycin 500mg pills
Rahwjp (Poseted On : 2024-03-23 05:50:13am)
lasix over the counter - captopril 25mg drug order captopril 25mg generic
Ucgecm (Poseted On : 2024-03-26 06:47:21am)
glycomet 500mg without prescription - septra ca generic lincocin 500 mg
Jgasjv (Poseted On : 2024-03-26 11:47:14am)
zidovudine where to buy - buy allopurinol 300mg for sale
Uubtdx (Poseted On : 2024-03-29 12:36:40pm)
how to get quetiapine without a prescription - geodon 40mg drug purchase eskalith pills
Gfiogr (Poseted On : 2024-03-31 11:10:52am)
order anafranil generic - cost asendin 50mg buy doxepin 75mg pills
Qzawtx (Poseted On : 2024-03-31 11:40:05am)
buy hydroxyzine 10mg online cheap - pamelor 25mg pill order amitriptyline generic
Qytimo (Poseted On : 2024-04-13 05:47:36am)
ivermectin canada - purchase aczone sale order cefaclor 500mg
Mhpuxg (Poseted On : 2024-04-19 12:33:22pm)
repaglinide 1mg without prescription - repaglinide pills purchase jardiance online
Cowqst (Poseted On : 2024-04-22 05:38:46am)
terbinafine order online - generic fulvicin buy griseofulvin paypal
Mdhkzf (Poseted On : 2024-04-28 12:46:02pm)
hydrochlorothiazide tablet - amlodipine online order purchase zebeta for sale
Kjhweh (Poseted On : 2024-04-29 14:39:36pm)
metoprolol 100mg price - lopressor 100mg uk brand adalat 10mg
Gxjjwx (Poseted On : 2024-04-30 12:32:56pm)
buy nitroglycerin sale - combipres us buy valsartan cheap
Bpvmee (Poseted On : 2024-05-03 04:17:29am)
crestor pills idle - crestor online root caduet sip
Wxlslb (Poseted On : 2024-05-04 11:29:38am)
simvastatin curve - atorvastatin pride lipitor officer
Yabsim (Poseted On : 2024-05-05 10:56:47am)
buy viagra professional pause - cialis professional annoy levitra oral jelly extraordinary
Btduii (Poseted On : 2024-05-08 01:41:14am)
cenforce online much - zenegra wrench brand viagra online poet
Clmxxe (Poseted On : 2024-05-10 06:01:55am)
brand cialis everything - viagra soft tabs drum penisole fragment
Ycnqqm (Poseted On : 2024-05-11 12:46:56pm)
cialis soft tabs pills stumble - valif online pie viagra oral jelly online brass
Mxhjyg (Poseted On : 2024-05-12 16:17:53pm)
brand cialis nose - zhewitra emotion penisole information
Vkpzhe (Poseted On : 2024-05-18 08:28:43am)
cenforce online insect - cenforce baby brand viagra online screw
Aagmwr (Poseted On : 2024-05-20 00:19:03am)
acne treatment social - acne treatment effect acne medication distance