A Private Limited Company is a type of privately held business entity that offers limited liability protection to its shareholders. It is one of the most popular business structures in India, governed by the Companies Act, 2013. In this structure, the company is a separate legal entity from its owners, and the liability of shareholders is limited to their share capital.
Private Limited Companies must have a minimum of 2 and can have up to 200 shareholders. They are required to have 'Private Limited' as part of their name and must comply with various regulatory requirements including annual filings, audits, and board meetings, making them ideal for businesses planning for growth, investment, and long-term stability.
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