Private Limited Company
In India, most preferred mode of corporate legal entity is Private Limited Company., Ministry of Corporated Affairs(MCA) is empowered with the power to govern the Private limited company registration, MCA issues Certificate of Incorporation to every private limited company as soon as its registration with the Central Government. All Private companies are subject to comply with Companies Act 2013.
There is no minimum capital requirement for incorporation of Private Limited company, However there are certain Conditions which are needed to compiled for incorporating a private limited company, such as follows:-
To register a private limited company, there should be a minimum of two directors and shareholders. An Individual can be both a director and shareholder, whereas a corporate entity are allowed to only own shares and members of the company. Foreign nationals, are allowed to become be Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.However foreign entity can only become shareholder