A private limited company is a corporation that is privately held for small businesses. The legal obligation of the members of a Private Limited Company in India is limited to the number of shares respectively which are held by each of the partners.
The minimum capital required is Rs. 100,000 and a private limited company could have a maximum of 200 members but minimum of two shareholders and two directors. The shareholders can be the directors of the company. One of the directors, however, should be a Resident Indian.
We at S.V.Bhat & Co., Chartered Accountants, have good working knowledge of setting up a company in India. In case you require our services, please write to [email protected]
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