Private Limited Company
A Private Limited Company is a business entity held by small group of people. It is registered for pre-defined objects and owned by a group of members called shareholders or stakeholders. Startups and businesses with higher growth aspiration popularly choose Private Company as suitable business structure.
The business entity gets recognized as a Company through its registration with the Registrar of Companies, known as the ROC, formed under Companies Act of 2013 in India. The governing body is Ministry of Corporate Affairs, widely known as MCA.
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The registration process takes 15 working days after all information and documents are received. Company's PAN and TAN are allotted along with the certificate of incorporation, enabling business owners to start the business immediately.