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PLC Registration

Private Limited Company is registered under MCA (Ministry of Corporate Affairs) and has limits of liabilities of its shareholders and allow funding to be raised easily.

In Private Limited Company, the minimum number of director is two and maximum number is fifty and the maximum number of director's shall be mention in Article of Association (AOA).A Pvt Ltd company has independent of director and the director is only liable for the amount have invested.

In Private Limited Company a NRI or Foreign National can be a Director but atleast one Director on the Board of Directors must be a Resident India and in this 100% Foreign Direct Investment is allowed in India with very popular structure in Business registration and it enjoy the continuity of existence.

Advantages of a Private Limited Company

  • Limited Liability :

    Limited Liability implies that the owners or shareholders of the company are not personally liable to pay the business debts.
  • Easy Funding :

    Private limited companies receive great financial assistance from banks & financial institutions but also enjoys an advantage of funds.
  • Tax Advantages :

    A Private limited company opens the door to more tax-deductible costs and allowances redeemable against profits.
  • Perpetual Existence :

    Perpetual Existence refers to the continuation of an incorporated firm’s existence, which implies that these firms are unaffected by the death of owner or the transfer of its shares to a new establishment.
  • Easy Transferability :

    Shares of a Private limited company can easily transferable by a shareholder to any other person.

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