A Private Limited Company is a Company limited by shares in which there can be maximum 50 shareholders, no invitation can be made to the public for subscription of shares or debentures, cannot make or accept deposits from Public and there are restriction on the transfer of shares. The liability of each shareholder is limited to the extent of the unpaid amount of the shares face value and the premium thereon in respect of the shares held by him.
A Private Limited Company has to follow lesser stringent compliances as compared to a listed company. This PDF gives an insight of the Compliances to be adhered to by a Private Limited Company. To read further click on the following link below:
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