Compliance Overview For Private Limited Companies

• July 29, 2019
• CA Chandan Agarwal's Office

Private Limited Company:

Private Limited Company is defined under Section 2(68) of the Companies Act, 2013 . It Means a company which by its articles :

(i) restricts the right to transfer its shares;

(ii) except in case of One Person Company, limits the number of its members to two hundred:

Provided that where two or more persons hold one or more shares in a company jointly, they shall, for the purposes of this clause, be treated as a single member:

Read more on: https://taxguru.in/company-law/compliance-overview-private-limited-companies.html