TaxadvisorIndia: We are Private Limited Company Registration Consultants in Bangalore.
Registration of a Private Limited Company requires several compliances to be met stringently. In Private limited company, minimum two members required and can have upto 200 members as shareholders in the company. It is one of the most common and preferred type of company to be created in India as it gives credibility and confidence on the promoters of the Company.
In addition, it is much easier to avail loans, or any venture capital investments if the company is a private limited as opposed to proprietorship or partnership firm.
A private limited company can have characteristics of both as a public limited company in case of limited liability and at the same time of ease and privacy of a partnership firm. Shares can be easily transferred and an agreement among all existing shareholders a must before inducting any new shareholder.