The incorporation of the private limited company is governed by the Companies Act, 2013.
Before moving forward, let's discuss the basic difference between different companies to establish a clear understanding -
Before moving forward, let's discuss the basic difference between different companies to establish a clear understanding -
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As defined by Section 2 (68) of the Companies Act 2013, a private company is a company whose Article of Association (AoA) prevents the transfer of its shares, along with this, it also prevents a large number of the public from subscribing to the same.
In simple words, a private limited company is a business entity with private ownership. It is usually owned by non-gover
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