Private Limited Company- An Overview
Section 2(68) of the Companies Act 2013 defines the Private Limited Companies. As per this section, Private Limited Companies are those who are restricted through their AOA to transfer the shares, and public subscription of the shares is also prohibited.
Add paragraph text here.
Conclusion
After the receipt of COI, the company officially comes into existence in the eye of law. The company can commence its business by opening the current account in the name of the company and depositing the amount of subscribed and paid-up capital. The company, to keep itself active, has to comply with the provisions of the Companies Act, such as filing annual returns, conducting Board meetings, etc.
The registration of private limited companies ( Company Registration ) can be easily done with the consultation of practicing professionals by Swarit Advisors. For any queries related to registration of private limited companies and assistance regarding its compliances, contact us.
Source: https://swaritadvisorsfinancialservices.blogspot.com/2019/10/documents-required-procedure-for.html