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| Private Ltd |
| Any business promoter can get his business incorportaed as a Private Limited company,under the provisions of The Companies Act,1956 as amended up to date.
A limited company is a seperate legal entity seperate from its owners who are called shareholders.
The Assets and Liabilities of the company is seperate from the so called shareholders.
A private limited company can be incorporated by following the provisions of The Companies act 1956.
Minimum two persons are required as signatories to the Memorandum of Association and Articles of Association.
Lot of privileges are available to a private company under The Companies Act,1956.
Example : ABC software solutions P .Ltd. |
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