A Private Limited Company is the company or corporation which is limited by its maximum number of shareholders, and cannot offer its shares to the general public. Hence, a private limited company cannot trade on the stock exchanges. Consequently, a private limited company has to make lesser disclosures to the public for its business activities, and is operated and managed privately by a limited number of shareholders, members, and directors. Moreover, the regulatory compliances to be made with governmental regulating authorities are also lesser than that of the public limited companies. More information about the private limited companies, and how to register a private limited company in India, The following steps are followed while applying for the registration of a private limited company:
- Selecting the proposed name of a company
- Name of the Board of Directors and their address
- Application fee for the registration
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